The Champions Trophy is scheduled to be held in Pakistan from September 11 to 28, but doubts have persisted over security.
Players from Australia, New Zealand, South Africa and England have said they would opt out of the tournament if it was held in Pakistan
ICC officials, members of the participating boards and representatives of broadcast channel ESPN-Star reviewed security arrangements for the tournament on Sunday, but no final decision on the venue was taken.
The ICC will now take that decision on Thursday.
"The ICC will have a teleconference meeting on Thursday to take a final decision," Ashraf said.
"We are confident that the ICC will take the right decision and keep the tournament in Pakistan. It is very important for Pakistan cricket.
"We are in touch with all the participating boards and we are trying to assure them that all possible security precautions are being put into place for the Champions Trophy and it is safe to play in Pakistan."
The ICC, however, has stated that safety and security of players would be paramount and would not be compromised.
"We have maintained, we would not compromise on safety and security of players," ICC chief executive Haroon Lorgat said in a statement.
"We are trying our best to hold the tournament as per schedule and hope that it is not postponed."
Lorgat said while every precaution was being taken to ensure the safety of players, no guarantees could be given.
"There have been concerns because no guarantees, as far as safety and security are concerned, can be given by the PCB, the ICC or security consultants.
"We need to do everything in our power to secure and safeguard officials, but we can never issue guarantees."
The ICC said it would need the votes of seven full members to move the tournament away from Pakistan.
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