"What is clear now is that the board is convinced it would serve no purpose for it even if the Pakistan Premier League was possible at a neutral venue," the source said.
"What is decided now is to work on a modified version of the PPL but it will only be held in Pakistan," he added.
The sources also revealed that the board would soon be speaking to some television broadcasters regarding the new idea.
"The plan is to launch the PPL in the country and convince a few overseas players to appear in it for franchise teams," the source said.
Stating that the Board has realised that because of the security situation in the country it would be next to impossible to get a wide range of overseas players to play in the PPL, the source, however admitted, "PCB is confident of attracting a few foreign players, mainly from Asian nations."
The source said that the success of the ongoing domestic super eights T20 tournament in Faisalabad was one reason for the new line of thinking.
"The eight regional teams in the competition have all been sponsored by private companies and the feeling is that the PCB can get more leading companies and banks to sponsor franchise teams even if a few overseas players are involved," the source said.
"Even if the PCB managed to launch its PPL in Dubai or some other neutral venue it realises now this will not help in anyway in convincing foreign teams to start touring Pakistan. The idea is now to work slowly but steadily on a premier league but in Pakistan," the source added.
The board, in the past, was close to launching the PPL with franchised teams in Dubai and had even invited bids from sports management companies to manage the event.
"There were even presentations made by some overseas companies on the proposed PPL but it didn't take off as everything boiled down to the continued refusal of other boards to send their players to Pakistan," explained the source
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