Lahore, Mar 27 : The PCB has threatened to cancel the team's tour to Australia in late 2009 if the world champions did not play their postponed series in Pakistan in April the same year.

The PCB was under pressure to explain the insurance policy cover it took for the March-April Australian tour to Pakistan which was postponed by the Australians on the advice of independent security consultants and its high commission in Islamabad, the Board officials reportedly said.

The PCB had announced a few months ago that it had insured the series for 7.4 million dollars and if the Australians didn't come for security or other reasons they would not suffer financial losses because of the comprehensive cover.

However, a top PCB official said the insurance was not just for the Australian tour but for all series in Pakistan which are part of the FTP.

"We are negotiating with the insurance company over the additional premium because the Australian tour has been postponed not cancelled," The Nation quoted a Board official as saying.

Interestingly, the PCB cannot claim compensation from Cricket Australia for the tour as it has not been cancelled but postponed.

ANI