Taking a cue from the Indian cricket board, Pakistan has decided to issue a new performance-based central contract system for its cricketers.

After a meeting of its ad-hoc committee, Pakistan Cricket Board Chairman Dr Naseem Ashraf said Wednesday that it had been decided to do away with the categorisation of players in the central contracts.

The Pakistan board suspended last year's central contracts awarded to 20 players after the national team flopped miserably in the World Cup losing to the West Indies and Ireland to be eliminated early.

The suspended central contracts were divided into three categories with the players in the 'A' category getting a monthly retainer of Rs 250,000.

Ashraf said the new central contracts would be issued after much deliberation because the ad-hoc committee members felt that the time had come to reward the players according to their performances.

"It is a simple formula -- a player is guaranteed good financial returns if he performs. It is going to be a performance-based contract now," he said.

Ashraf said the ad-hoc committee had decided to scrutinise all candidates carefully before announcing the captain, coach and fielding coach of the national team.

"We will not act in haste," he added.

Sources said Younis Khan, Shoaib Malik and Salman Butt were under consideration for the captaincy after Inzamam announced his retirement from ODIs.

Sources also said that Inzamam, who wants to play Test cricket, was unlikely to be picked for Pakistan and he already had been given indications about this.