The Pakistan Cricket Board could suffer big financial loss if it fails to resume cricket ties with arch-rivals India soon.

As per PCB's television rights contract with the Dubai based TV Channel Ten Sports, Pakistan are bound to play at least two bilateral series against India, who are reluctant to resume cricket ties due to strained relations between the two countries.

"The network which has signed a USD 140.5 million dollars contract with the PCB expects to earn a major chunk of its revenues from broadcasting the bilateral series with India," one official said.

He said that already Board and the network had lost revenues worth USD 40 million due to the cancellation of the India's Test tour to Pakistan earlier this year.

To make matters worse for the PCB, it could face rising production costs from its television rights holders if they are forced to play their home series at neutral venues.

"Suppose if we are to play our home series against New Zealand in Abu Dhabi and Dubai and then the Tests in New Zealand, it will affect our net income eventually. This is because playing Tests in New Zealand would mean the production costs will go up for the network," he said.

The Indian Cricket Board has not scheduled any bilateral series with Pakistan in the new Future Tour Program effective from April, 2012, saying that they can find slots for Pakistan when the relations between the two countries improve at the government level.