Sarfraz Ahmed will lead the Pakistan side.
Sri Lanka Cricket chief Thilanga Sumathipala would accompany the team, the board added.
"The Executive Committee evaluated the reports obtained together with the recommendation of the International Cricket Council - which successfully conducted the Independence Cup tournament in Lahore fielding a World XI Team - and having been fully satisfied with the stringent security measures in place, the SLC ExCo unanimously made a decision to play the third T20 in Lahore on October 29".
The third T20I is the final match of the current tour of Pakistan in the UAE and the SLC administration had wanted to play at Lahore's Gaddaffi Stadium.
Huge energy potential in open ocean wind farms: research
The energy that turbines tap into starts as faster winds at higher altitudes, which are brought down towards the surface. But extracting efficient energy from wind involves more than putting turbines in the path of gale-force winds.
It was also confirmed on Monday that the third and final Twenty20 clash between the sides will be played in Lahore on October 29, following a thorough evaluation of security.
"Having been fully satisfied with the stringent security measures in place, the SLC ExCo unanimously chose to play the 3rd T20 in Lahore on the 29th October", the SLC said in the statement.
Pakistan shifted their "home" matches to the UAE after the 2009 militant attack. But after Pakistan successfully staged the final of its domestic Pakistan Super League tournament in Lahore under heavy security this March, the country hoped worldwide games could once again resume.
In first phase, tickets of at least seven enclosures are presented for sales online, at comparatively lower prices than what it carried for three-match Independence series between Pakistan and World XI. He recalled that several Test nations did not want to visit Sri Lanka at the height of the Tamil separatist conflict, when bombs were exploding in the capital in the mid-1990s, but Pakistan and India had toured Sri Lanka at the time.