India, Pakistan, Sri Lanka and Bangladesh (IPSB) will jointly hold the mega-event, with the opening ceremony to be held in the Bangladeshi capital Dhaka and the final due to take place in India.
Pakistan and India hosted the World Cup in 1987, while Sri Lanka did the honours in 1996.
Officials were expected to select a chairman for the organising committee, with Board of Control for Cricket in India (BCCI) chairman Sharad Pawar likely to get the nod, Pakistan Cricket Board official Salim Altaf told AFP.
The committee's operations are to be based in Lahore, said Altaf, a former fast bowler who is now the PCB's director of special projects.
Officials were expected to discuss the possibility of shortening the World Cup, after criticism of the 47-day tournament held in the Caribbean three months ago.
"The final decision would come from the ICC but we can discuss every possible thing which could make the 2011 event attractive and acceptable," said Altaf.
The quartet of South Asi