Abbas told the media in Lahore that if Pakistani players were included in the IPL, "it would raise the importance and status of the league".
The former Pakistan captain will be flying to Bangalore this week to watch the final of the IPL on the invitation of the new BCCI President Anurag Thakur.
Abbas also called for the revival of bilateral cricket ties between Pakistan and India.
A number of Pakistani cricketers took part in the inaugural edition of the IPL but after the Mumbai terror attacks in November 2008 the BCCI stopped inviting them for the lucrative league which is now in its ninth year.
Talking about the desirability of resumption of bilateral cricketing ties, Abbas said everyone wanted to see Pakistan and India play against each other as it's the most-watched cricket contest in the world.
Abbas is set to step down as ICC President at end of July and is expected to be given an important assignment in the PCB after that.
Since 2007, the two countries have not played a bilateral series except for short series of three ODIs and two T20 Internationals in the winter of 2012/13 when Pakistan undertook a tour of India.
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