Talking to the media here, Khan said India failed to abide by the Memorandum of Understanding (MoU) due to which they had to bear a loss of million dollars.
Chairman Shaharyar Khan said on Thursday that there was no chance of an India-Pakistan cricket series taking place and disclosed that the board will take legal action against BCCI.
BCCI has proposed a full series comprising three Tests, five one-day internationals and two Twenty20 internationals.
Regardless of the outcome, India and Pakistan are set to face off in the ICC Champions Trophy scheduled for June in England.
The award for the players will be on a pro-rata basis, which means money to be given to the cricketers would depend on the number of matches they had played in the series.
If given green signal, the series will be the first bilateral series between India and Pakistan since 2012.
Numerous players in the teams have never played against each other.
"It was a tough series, as we expected and indeed welcome from our Indian hosts". Since 2011, India have won 10 matches and lost only on four occasions against their neighbours. "Permission has been sought from Home Ministry, we don't know what is the government's stand. Unless the government gives its nod, the BCCI can not do anything", a source told Indian Express.
Last year, the BCCI was keen on hosting Pakistan for a series but didn't get government's permission owing to tension between the two sides and Islamabad exporting terror to New Delhi. "This latest sweet trap is perhaps to convince Pakistani officials to not bring up the issue of bilateral series with India at the ICC meeting next month", Miandad said. BCCI has approached the Home Ministry seeking the rights to play Pakistan.