"I think we shouldn't keep our expectations high from the PSL in its first year. It will take time say three to four years before we can expect this league to also give us the Virat Kohlis or Rohit Sharma's like the IPL did for India," he said on Saturday from Sydney.
Waqar said obviously expectations were high that the PSL would help Pakistan cricket produce some outstanding talent like the IPL had done for the Indian team.
Waqar however made it clear that while he understood the desire of the franchises to field the sides they think are best for their requirements, he would like to see more players selected in the Pakistan squad play in the ongoing PSL.
"I don't know what the cricket board can do because after all this is a commercial entity and franchises have their own businesses and requirements. But it would be good if the players picked in the squad for the Asia Cup and World T20 events are given chances to play in the PSL," the former Test captain said.
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"I am a bit surprised that Babar Azam is not playing in all matches and Muhammad Irfan is not being tested out fully," he added.
Waqar was optimistic that the PSL in the next few years would fill a big void in Pakistan cricket and allow young players the opportunity to groom themselves and become top products.
The Pakistan coach was also candid when asked whether he was satisfied with the squad selected for the two coming events.