Pakistan's foreign secretary Jalil Abbas Jilani proposed the deal before his counterpart Ranjan Mathai stating that the two countries in order to revive cricketing ties can also play at a neutral venue rather than playing at home.
He also admitted that it was not possible to tour India in the current circumstances and since none of the international teams are willing to tour the nation, Pakistan were forced to host games at a neutral venue and now that applies to a series against India as well.
Moreover, Pakistan would not benefit by touring India all the money generated by a high-profile series will go to the host nation or to BCCI.
"The Pakistani side was categorical that it is not financially viable for them to send only their cricket team to India. Security issues will be looked at, but the ball for now is in the court of BCCI and PCB and we are not stopping them," said a source.
The source also said that the two boards have not decided on a timeframe to resume cricketing ties between the two nations.
India and Pakistan have not played a bilateral series since 2007 and since the terror attacks on Mumbai in 2008, made the situation worse as talks on resuming bilateral ties between the two nations was not accepted.