Shoaib Akhtar is urging the Pakistan Cricket Board (PCB) to launch a rival to the Indian Premier League.
Pakistan are the only one of nine-Test playing nations not to play a Test in 2008 following Australia's withdrawal from their scheduled tour of the country in March.
And with India still yet to confirm whether they will tour the region in the new year, Shoaib is proposing a new Twenty20 league in order to entice foreign teams.
"We need to find our own solution or else cricket will die in Pakistan," the paceman said.
"We should have our own Twenty20 professional league. The money is there and that is one way to get foreign players to play in our country.
"I know personally there are wealthy individuals and companies in Pakistan and abroad willing to put money into such a project because cricket has a big commercial pull in Pakistan.
"We have played no Tests this year and teams always have issues with the security coming to Pakistan.
"The Indians and other teams need to show the same respect [shown by England] for our cricket and play in our country if our government is giving them security assurances."
On a personal note the 33-year-old, who is currently appearing in the national one-day championship, says he is keen to continue playing through to 2011.
"I am working hard on my fitness and I am going to nurse myself through matches. If I can do that properly I see myself completing 400 wickets in one-dayers and playing until the next World Cup," he added.
A final decision from the Board of Conrol for Cricket in India on their future tour of Pakistan is expected in the near future.