The ICC has promised to give the PCB $10.5 million as hosting fees for 14 World Cup games even after redistributing Pakistan's share of matches among the other co-hosts - India, Sri Lanka and Bangladesh.
Butt said that the PCB and ICC are inching towards a settlement after he met with the ICC president David Morgan in Dubai earlier this week.
'Four of our demands have been met while the dispute is on the other two,' Butt said adding that he cannot give any more details.
While Butt refrained from divulging much, sources in the PCB said that the board's top brass is pressing the ICC to give Pakistan an additional $10 million as compensation for the switching of World Cup games.
Pakistan is also pushing for an early return of international cricket here and want the ICC and the three World Cup co-hosts especially India to provide positive support in this regard.
The future of international cricket is looking bleak in Pakistan after gunmen attacked the Sri Lankan cricket team in Lahore this March. Several of the visiting players were injured in the attack that left six people, mostly policemen, dead.