Karachi, Aug 31 - Pakistan's cricket chief Ijaz Butt was off the mark when he claimed last week that Pakistan will receive around Rs.1.5 billion ($18 million) from the International Cricket Council (ICC) after settling its 2011 World Cup dispute with the game's governing body, sources said Monday.

The Pakistan Cricket Board (PCB) stands to gain about Rs.1 billion ($12 million) from its deal with the ICC that was struck in Dubai last week.

The settlement between the ICC and the PCB was reached following a meeting between ICC president David Morgan and PCB chairman Ijaz Butt in Dubai last Thursday.

However, sources said Butt quoted that figure under pressure from the newsmen, who were surprised when Butt initially said that Pakistan will get Rs.