''The safety of the players is the most important issue and we would take all possible steps to ensure their security,'' PCB Director Operations Saleem Altaf told The News.
Mr Altaf, however, added that the issue should be more of concern to the ICC and the PCB would wait and watch how the governing body handles the situation.
''The recent bombings in Mumbai is a cause for concern but we are confident that the ICC would take care of the players' safety issue,'' he added.
Earlier, Australian Cricketers Association President Paul Marsh had expressed similar concerns but the country's cricket board was quick to dismiss his views, making it clear that the World Champions would come to the sub-continent for the October-November event.
Mumbai is set to host some league matches and the finals of the tournament. Mr Altaf insisted that there was no immediate possibility of a withdrawal but Pakistan was keeping a close eye on the turn of events.
''It is too early to talk about any such possibility,'' he said, dismissing suggestions of a possible pull-out.
Pakistan are placed in Group B with South Africa, New Zealand and a team from the qualifiers.