PCB Chief, Najam Sethi told the media that the match was on even though the Sri Lankan Cricket (SLC) was due to meet in the next 24 hours to deliberate upon the issue.
A letter has been signed by 40 Sri Lanka Cricket (SLC) contracted players, including most in the current squad, to president Thilanga Sumathipala, expressing unwillingness to travel to Pakistan, which has been a hotbed of terrorist attacks.
The players have said they remain uncomfortable about travelling to Lahore for the last match of the ongoing series between the two countries in the UAE.
The PCB made a breakthrough of sorts this year when it first hosted the Pakistan Super League (PSL) final in Lahore in March and in September a second string World XI toured Lahore for three T20 matches backed by the International Cricket Council and FICA.
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Sethi said that the visit by Sri Lankan team to Lahore for the lone match was planned and agreed upon in a meeting in which officials of the two boards and ICC were present.
Sethi said PCB's endeavour was to keep on improving the security arrangements based on regular feedback from ICC and FICA approved security experts.