Latif told PTI that the PCB and its selectors needed to learn from the strategy adopted by the Indian selectors with the support of its board BCCI.
"India has sent a second string side to Bangladesh and no matter what the results of the one-day series, the fact is that in the long run Indian cricket will benefit as their reserve players are getting exposure at the top level," he said.
Latif, an outspoken personality who turned down the chief selector's job recently as he didn't agree with the board's policies, said that Pakistan for some reason appeared reluctant to take gambles.
The former captain said that the Indian selectors were doing the right thing by giving exposure to their youngsters and thus building up healthy competition for places in the national team for the different formats.
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He pointed out that one reason for Pakistan not producing enough quality players was because of lack of competition for places in the national side.
"When I played I was on my toes because my competition was Moin Khan for the keeper's spot and vice versa he also tried his best to be in the side. There is nothing wrong with such healthy competition. We will achieve nothing if we send our full strength and tried and tested players to Sri Lanka and even win the series," he noted.
"I think we need to send our under-23 team because more than anything our players gain the experience of their lifetime living in the Asian Games village and it is a totally different world," he said.