The fishermen are currently being held at a jail in Karachi, and they will be freed and sent to Lahore to be handed over to Indian authorities, sources told PTI.
Pakistan and India arrest scores of fishermen every year on charges of violating territorial waters.
Pakistani officials say over 150 Pakistani fishermen are currently in Indian prisons.
Since India and Pakistan resumed their peace process last year after a gap of over two years after the 2008 Mumbai attacks, the two sides have taken several steps to speed up the release of prisoners held in each other's prisoners.
The two countries have released scores of prisoners, a majority of them fishermen.
The two sides are working on an arrangement for the speedy repatriation of fishermen detained for inadvertently crossing the maritime boundary.