He said the decision to have the Emerging Cup in Pakistan was taken during the meeting of the ACC held in Lahore today.
"Having the ACC meeting is by itself a very important step towards revival of international cricket in Pakistan.
PCB chairman Sethi said that six ACC teams including five full members will play in the tournament.
"We want to hold the matches in more than one city and we will work towards that. We will look forward to hosting India, Bangladesh, Sri Lanka, Afghanistan and a qualifier team next year," Sethi said.
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Sri Lanka Cricket (SLC) chairman Thilanga Sumithipala also said that his team would like to come back to Pakistan soon.
Sumithipala said Sri Lanka would like to come back to Pakistan with its 'A' team, national team and under-19 sies.
"Pakistan is an important nation in the cricket world and if it is weak than Asian cricket is weak and if Asian cricket is weak than world cricket will be weak," he said.
"Pakistan has always been a good friend of Sri Lankan cricket and they never pulled out of any series even when the situation was bad in our country. They now need our support," he said.
The SLC chairman further said that he would like to see international events being held in Pakistan as his government, board and security people were satisfied with the security arrangements made by the PCB for them.
Militants had attacked the Sri Lankan team in Lahore in March, 2009 which led to international teams refusing to tour Pakistan and the PCB was forced to hold its home series away from home in the UAE.