Sources in the PCB have also confirmed the report, and charged Miandad of being associated with the board only for money.
The salary which Miandad would be receiving is much higher than anyone else in the board. He would also be having all the additional powers which he had earlier asked for.
Earlier, the PCB chief Ijaz Butt had said that Miandad turned down the offer of Rs 500,000 and demanded Rs 1.6 million as salary.
Butt had also charged Miandad of interfering in team selection procedures, as well as administrative matters of the apex cricket controlling body in the country.
However, Miandad rejected Butt's claims saying PCB is framing him falsely.
"Money was not an issue and I never asked for the amount which Mr Butt is talking about," he said.
Miandad added that he served the Board for two months without any pay, and would like to work on an honorary basis if the PCB officials give him enough room to perform his duties.