If Sethi is appointed as the next chief, he would succeed Shaharyar Khan.
The AGM, which takes place twice a year, also passed a resolution recommending that Sethi be given a Pride of Performance award by the government for his contribution to Pakistan cricket.
Shaharyar made it clear at the AGM that he didn't want to continue as chairman after his three-year term ends in August due to personal and health reasons.
The resolution was passed at a time when they are stories being circulated in the media that Prime Minister Nawaz Sharif is looking at other candidates to succeed Shahrayar.
Sethi announced at the meeting that eight matches of the third PSL would be held in Lahore and Karachi (four each) while some 30 parties had submitted bids to buy the sixth franchise of the league.
The AGM had its own share of goof-ups when it confirmed Asmavia Iqbal as the best women cricketer of the year although the fast bowler was dropped for tours to New Zealand and Australia last year and also for the World Cup qualifiers due to bad form.
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