Pakistan has made extraordinarily significant gains at the International Cricket Council’s (ICC) annual meeting at Melbourne Thursday. The Pakistan Cricket Board (PCB) is now in a position to have a major say in the affairs of international cricket after securing considerable concessions from the ‘Big Three’ of India, Australia, and England in the backdrop of the ICC’s Annual Conference in Melbourne, Australia.

Pakistan will receive the most in terms of percentage of revenue after the Big Three, from the ICC in the next eight years from broadcasting and other rights on ICC fixtures, effectively now making them part of a ‘Big Four’, the Pakistan Cricket Board (PCB) said in a press release.

The Pakistan Cricket Board and the West Indies Cricket Board will be the fourth and fifth members on the newly formed committee that will not only govern world cricket but will determine share of revenue among ICC members.

Of the three major concessions that PCB Chairman Mr. Najam Sethi was able to secure to Pakistan’s great advantage are: After N. Srinivasan’s election as the first ICC Chairman in a landslide, India has officially turned the MOUs signed earlier this year with regard to six series between the two nations, four of these to be hosted by the PCB in the UAE or Pakistan with mutual consent, into binding agreements straightaway. The six tours are now part of the Future Tours Programme and are to be played from 2015 to 2023.

Another big recognition for Pakistan Cricket Board (PCB) is, the ICC confirming Pakistan to get the position of the global body’s President for ONE year with effect from June 2015. The agreements have been made possible because of Pakistan’s non-opposition to India’s N Srinivasan being elected as the new chairman of the ICC, the paper quoted PCB sources, as saying on condition of anonymity.

This is a sea change from the situation when Pakistan stood utterly isolated when Mr. Sethi was reappointed as the PCB Chairman by the Patron, Prime Minister Nawaz Sharif in the second week of February.

“The PCB had organized itself and planned to get maximum advantage for Pakistan cricket from an extremely precarious position. We have accomplished all our objectives. And I am positive that in the times to come Pakistan Cricket shall greatly benefit from what PCB has been able to obtain for it today”, said Mr. Sethi speaking from Melbourne.