Talking to media in New Zealand, Butt said that the captain will be announced a day before the last One Day International (ODI) with New Zealand.
He said that Pak-India cricket ties are likely to resume after the interval caused by Mumbai attacks.
Butt said the talks are underway at government level and a series is expected at the end of this year at the neutral venue of England. He added that the new central contract will be announced soon.
He also said that new players including Ahmed Shahzad and Asad Shafiq will also be included in the central contract.
Earlier, former captain Shoaib Malik supported Shahid Afridi as the World Cup captain, saying that he can serve the team best.
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