The Pakistan Cricket Board (PCB) on Wednesday sent a legal notice to its Indian counterpart for failing to honour an agreement to play a bilateral series, saying this had cost them $60 million.

The Board of Control for Cricket in India (BCCI) signed a Memorandum of Understanding with the PCB in 2014 under which they were due to play six series -- four to be hosted by Pakistan -- between 2015 and 2023.

But New Delhi denied clearance for the series following strained diplomatic relations between India and Pakistan owing to ceasefire violations in the disputed Himalayan state of Kashmir.

PCB chairman Shaharyar Khan said legal measures were being sought as Pakistan was suffering lost revenues.

"We have initiated the legal process by sending BCCI a Notice of Dispute under the Dispute Resolution Committee Terms of reference of the International Cricket Council," Khan told AFP.

"PCB has claimed the losses and damage suffered by it, which comes to around 60 million dollars, as a result of BCCI's breaches of the agreement."