Reliable sources confirmed that a decision has been taken in principle in the meeting between the Interior minister, Chaudhary Nisar Ali Khan and a senior official of the Pakistan Cricket Board (PCB) Najam Sethi in Lahore.
The sources said the meeting was still in progress and a formal announcement would be made after it was over.
After days of uncertainty and statements and counter statements the decision to send the team came after getting direct assurances from the Indian government for providing top security to the Pakistani players, officials, media personnel and fans who visit the country.
Bengal Chief Minister Mamta Banerjee also tweeted and sent a message to the Pakistan Cricket Board that top security would be provided to the visiting team in Kolkata.
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The ICC has already shifted the Pakistan and India match on March 19 to Kolkata from Dharamsala due to security concerns.
Pakistan interior minister Chaudhary Nisar Ali Khan has given the clearance in principle after speaking to the PM on telephone and updating him about the assurances coming from India.