A reliable source in the board told PTI that Sethi wants to know the first hand reasons behind Latif declining the post after he initially agreed to the offer.
Latif had accepted the board's offer last month after meeting with Sethi after which the PCB issued a press release announcing that the former captain would be the new chief selector from April 1 onwards.
But this week Latif returned the PCB contract and gave no reasons for his decision, insisting he didn't want to create more controversies.
"There were also some differences over the nomination of the new members of the national selection committee," one insider said.
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But he refuted media reports that the board had told Rashid that former acting chief selector, Azhar Khan and member, Farrukh Zaman would also be part of the new selection committee.
"That is not true the names of Azhar and Farrukh have not been considered on the new committee as they have served their period as selectors," he added.
"That is why he personally wants to meet with Rashid and find out what the areas of problems are and try to sort them out," he said.