After the cancellation of two tours, PCB had approached a few Boards to arrange an international series at home before the T20 World Cup but now it has decided to organise a domestic event.
Christian Turner, the British High Commissioner to Pakistan, said the ECB decided on its own to cancel the T20 tour next month and he shared the "deep sadness" of Pakistani fans.
The England and Wales Cricket Board withdrew its men's and women's teams from a tour of Pakistan for a limited-overs series next month, citing increased concerns about travelling to the region.
ECB arrived at the decision to withdraw after deliberating over the weekend, pulling out of what would have been the country's first tour of Pakistan since 2005.
Though both the boards showed strong willingness, given prior commitments of the players and little time in hand for the boards to send teams, no series could be planned, PCB said.
The Black Caps called off their first Pakistan series in 18 years with the New Zealand government's backing on Friday just before the first one-day international was due to start in Rawalpindi.
New Zealand earlier cancelled the tour just before the start of the first ODI here, citing a security threat that the host board insisted did not exist.
England are scheduled to travel to Rawalpindi in October for two Twenty20 Internationals, in what will be their first visit to Pakistan since 2005.
Trouble began when the first ODI of the white ball series could not begin on time at the Rawalpindi Stadium on Friday with both teams remaining in their hotel rooms.
Asked about his alleged dissatisfaction over the selected team, Babar said that he had given his input as captain as usual and insisted this was not any individual's team.
Ramiz Raja has announced an increase in the retainers of domestic contracts by PKR100,000 across all five categories of cricketers.
Ramiz Raja was elected in a Special Meeting presided over by the PCB election commissioner, Justice (retd) Sheikh Azmat Saeed.
Former Pakistan captain Ramiz Raja is set to officially take over as the new Chairman of the Pakistan Cricket Board on Monday.
Pakistan Cricket Board on Monday announced that Misbah and Waqar have resigned and that former Pakistan Test players, Saqlain Mushtaq and Abdul Razzaq would be interim coaches.
The Pakistan Cricket Board and the producers/broadcasters of the series could not find an approved provider of the technology required to run the system during the series which begins on September 17.