"Since New Zealand pulled out of our triangular one-day contest this year after conveying their participation, they should compensate for the loss of revenues," said Pakistan Cricket Board Director Chishty Mujahid.
He said that the compensation claim had been submitted at the last executive board meeting of the ICC in Colombo in October and had been sent to the disputes committee.
New Zealand refused to play in Pakistan's Golden Jubilee triangular contest also involving Australia in September, saying they had never given final confirmation of their participation.
But Mujahid said that New Zealand had agreed to play in the one-day contest.
"They agreed to play the triangular in lieu of their decision to play just two Tests and
Pakistan eventually had to shift the Golden Jubilee tournament to Nairobi after Australia expressed safety concerns about playing in Pakistan.
After New Zealand's withdrawal, Kenya agreed to play in the tournament.
"Our point is as the tournament was shifted to a neutral venue there was no reason for the New Zealanders to have any security concerns about playing," Mujahid explained.
He said Pakistan was waiting for a reply from the ICC on the matter, but declined to say how much compensation Pakistan was seeking.
Pakistan say they have lost millions of dollars in revenues due to cancelled or relocated series since the September 11 attack on the United States last year.
They have been forced to play home series against West Indies and Australia this year in neutral venues abroad.
