Former Pakistan players Rana Naved, Humayun Farhat and Muhammad Khalil met with the PCB's COO Subhan Ahmad and submitted their retirements in writing to him to pave the way for them to play in the Master Champions League.
An hour later, Test batsman Yasir Hameed also announced his formal retirement.
The situation arose after several Pakistani players including Muhammad Yousuf, Abdul Razzaq, Imran Farhat, Taufiq Umar, Rana, Khalil, Humayun and Khalil approached the board for NOCs to take part in the MCL.
"Such cricketers will, however, remain eligible to play in domestic cricket as per rules," the PCB said.
The PCB than in its release also admitted that it considered the MCL as a competition for its inaugural Pakistan Super League also scheduled to be held in the UAE from February 4.
The admission was clear in the release which said:"It may be noted that the Masters Champions League (MCL) comprising retired cricketers is scheduled to take place in UAE next month, during the same dates and at the same venues as the Pakistan Super League (PSL). For this reason, the Pakistan Cricket Board (PCB) has formulated a Policy to govern the participation of Pakistani Players in the MCL.
Yasir said he was mystified by the situation since when he signed the contract with the MCL organizers he was only told to get a NOC and there was no condition he must be retired.
Former captain Muhammad Yousuf was adamant that the board's policy instead of facilitating the players was only making life difficult for them.
"Everyone knows we are retired now and yet we can't go and earn some money from playing in a league of former stars," Yousuf said.
"If they want us to announce our retirements we will do it but we can't waste an opportunity to earn good money at this stage."
With exception of Yousuf and Razzaq all the other players are still active on the domestic circuit.
