A board official said the Test and ODI captain Misbah-ul-Haq and some senior players had met with the acting PCB Chairman Najam Sethi requesting him for the pay hikes in the central contracts.
"Speaking on behalf of the players Misbah pointed out that the players had not got proper pay hike for a while, although in all other countries the boards had given handsome raise to their players in their central contracts," the official said.
He said Sethi had assured the players they would get reasonable hike even though the board had already given them nominal increases in their central-contract salaries and match fees in the last two years.
The board is due to announce the new list of players who will get central contracts in two months time with the national selectors already being told to draw up the shortlist of players.
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At present, the highest salary given to the category A players in the central contracts is around 325,000 rupees per month.
The source said some of the senior players might find themselves out in the cold this time as the board is planning to give more financial encouragement to the new and younger players.
The board is also planning to hold its annual awards function in March where the players will be given handsome cash prizes with their awards.