Musharraf, an avid cricket fan and patron of the Pakistan Cricket Board (PCB), would be hosting the team on March 17 in Islamabad, team manager Ratnakar Shetty said.
"The team has been told that there would be a meeting with the President on March 17. We believe it is a get-together over tea. The timing is yet to be confirmed," he said.
Indian High Commissioner Shivshankar Menon would be hosting a dinner for the team on the same day.
On Saturday, Musharraf had congratulated the Indian team during his satellite address to the India Today Conclave in New Delhi after the visitors won the first One-day International by five runs in Karachi.
As soon as the team returned to the pavilion, Prime Minister Vajpayee spoke to captain Sourav Ganguly. The players were later mobbed by Union Minister Arun Jaitley, Prinyaka Gandhi, her husband Robert Vadra and brother Rahul Gandhi, who had flown to Karachi to watch the match.