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From its formation, the ICC had Lord's Cricket Ground as its home, and from 1993 had its offices in the "Clock Tower" building at the nursery end of the ground. The independent ICC was funded initially by commercial exploitation of the rights to the World Cup of One Day International cricket. As not all Member countries had double-tax agreements with the United Kingdom, it was necessary to protect cricket's revenues by creating a company, ICC Development (International) Pvt. Ltd – known as IDI, outside the UK. This was established in January 1994 and was based in Monaco.
In 2002, Pakistan participated in their second Asian Test Championship. It was originally planned to include all four Asian ICC full-members (Bangladesh, India, Pakistan and Sri Lanka). However, before the tournament started, India's participation was put in doubt. After defeating Bangladesh in the 1st Test to meet Sri Lanka in the final, they were defeated by them by 8 wickets.