PCB chairman Nasim Ashraf has earmarked some of the money to upgrade Pakistan’s Test venues ahead of Pakistan’s hosting of the 2008 Champions Trophy and 14 matches of the 2011 World Cup.
The board also announced a new central contracts system under which 20 players would be given contracts based on performances, and not seniority.
The radical steps come after Pakistan’s elimination in the first round of this year’s Cricket World Cup. The competition level of domestic cricket has been held responsible or the inconsistent performances at the international level.
The Pakistan Cricket Board (PCB) has set an annual budget of around $40 million to raise the standards of its domestic and international cricket teams.
