Indeed, the ICC has acknowledged the difficult situation. It is also difficult task for them to solve it. On the one hand Pakistan will host and on the other hand India will not play. It seems that cricket is private property. He will do whatever he wants. If we look at FIFA, the decision they will give will be final there is no room for dissent. Even in this case, if the ICC had played that role, then there would not have been any adverse reaction between these two countries.
You can never compare the ICC with FIFA. ICC has just 12 full members. On the other hand, FIFA has more than 200 members, and all of them have equal voting rights. So it is possible in the ICC to have one or two members dominating the entire policy making process. But in FIFA, it is more difficult (but not impossible, as we saw how Qatar won the hosting rights for the world cup). Personally, I believe that Jay Shah's statement was in bad taste and amounts to abuse of power. There is no reason to demand Asia Cup to be shifted out of Pakistan.
You are right here about comparison of FIFA and ICC, but I have another question why they are not adding more members for having voting right and why they are not doing things which are helpful for this game now it's 21st century, and you can do things very quickly even they are not giving funds to associate countries as they deserve, and they are encouraging countries which are not helpful for the development of this game specially Gulf region who is doing this all and what their target for this all these all questions looking for replies who will give this all.
These B-3 are never been interested in development of this game because their pockets are filled by their own ways which are not helpful for this game and development of many countries which are surely can do good for this game specially now introduction of T20, T10 and The Hundred formats we can bring good number of teams which is surely in great interest of this game.