The tours are seen as a big step towards Pakistan once again hosting major worldwide outfits after militants targeted the Sri Lankan team bus in Lahore in 2009, killing eight people and wounding at least seven players.
The playing group will be coached by former Zimbabwe batsman and current ECB's director Andy Flower, who also selected the squad, and is scheduled to head to Dubai for a week-long camp before flying to Lahore, with the series to begin on September 10.
Sethi said that the security company will send its delegation to Pakistan every year to review the security situation and arrangements and each visit will cost $400,000, which will be paid by the ICC.
Sethi also stated that the three games against World XI will be played across four days, but refused to divulge the dates citing security reasons.
"That tour will be subject to the safe conclusion of ICC World XI team's three-match series in Lahore in September and affirmation of manageable security by the ICC-sponsored worldwide security company overseeing the security arrangements of the World XI", Sethi read out a statement from CWI.
Addressing to a development program organized under the banner of Lahore Qalandars in Lahore, Sethi said that the World XI team will have big names from all the top cricketing nations.
It should be noted that no Test side has toured Pakistan since March 2009 militants attack on the Sri Lankan cricket team bus in Lahore, killing six Pakistani policemen and injuring some of the visiting players. "First host the PSL in Karachi, then we will come there". While talking about Pakistan Super League (PSL) final, he said that he wished that match should be played in Karachi this year.
Global cricket has not had its presence felt in the country since the attack on the Sri Lankan team bus in Lahore in 2009, which then isolated the insurgency-hit nation in the cricketing sphere.
Sethi told the media that Sri Lankan team agreed to visit Pakistan after much consultation and effort of PCB.