Misbah, who was given special permission by the Pakistan Cricket Board (PCB) to work as head coach of the Islamabad United, saw his team crash out before the last-four stage for the first time since PSL's launch in 2016.
The two seniors, who were dropped following the team's exit from the 2019 ODI World Cup, were recalled for the T20 series at home against Bangladesh.
India skipper Virat Kohli, legendary Sachin Tendulkar and Australian greats Ricky Ponting and Steve Waugh have all advised against tinkering with the traditional format.
Pakistan head coach Misbah-ul-Haq praised the likes of Babar Azam and Shaheen Afridi, adding that the side is on the right track.
Pakistan did manage to beat Sri Lanka in Karachi as Test cricket returned to the country after a decade but lost to Australia and England prior to that.
The former pacer also lauded Kohli for revolutionising the Indian team as far as fitness is concerned.
Misbah feels that Pakistan cricket had already suffered enough not getting to play Test cricket and if Bangladesh didn't come it meant Pakistan's next Test series would be in the summer of 2020 in England.
Misbah was speaking at a media conference in Lahore to announce the 16-member squad for home Test series against Sri Lanka and seemed to snap when questions were thrown at him about Pakistan's underwhelming Test performances.
Pakistan head coach-cum-chief selector Misbah-ul-Haq said that the form of some of the main players in the team is a major cause for concern.
Three years after bagging the No.1 Test rank, Pakistan have managed just eight Test victories in 26 matches, better only to Bangladesh among top-9 full-member nations, and have slipped well below to No.8 spot in the ICC Test rankings.
Smith returned to Test cricket by taking the Ashes by storm earlier in the year. In the five-match series that was held across August and September in England, Smith scored a whopping 774 runs at an average of 110.57.
As per the agreement signed between Misbah and PCB, the former is entitled to work for any franchise during the PSL, but without any remuneration from the board.
However, the court said that it was not supposed to decide who should play in the team or not. But the judge issued a notice to the PCB and has sought for a reply by next week.
Pakistan head coach Misbah-ul-Haq has insisted that the critics need to be patient with comeback men Umar Akmal and Ahmed Shehzad.
Ten of Sri Lanka's best players pulled out of the three-match ODI series and three T20Is in Pakistan due to security concerns.
Misbah-ul-Haq was handed the dual role of coach and chief selector by the PCB on Thursday in a complete revamp of their cricketing structure.
The Board has also asked Misbah to work as coach during the coming edition of the Pakistan Super League and he will be paid the same salary what outgoing coach Mickey Arthur drew.
According to a Pakistan Cricket Board media release, Misbah-ul-Haq was the unanimous choice of the five-member PCB panel that conducted the recruitment process.
Significantly, PCB chairman Ehsan Mani had made it clear that having dual roles -- with the national team and a PSL franchise -- will no longer be accepted as per the board's new constitution.
Misbah-ul-Haq confirmed on Monday he was applying for the head coach job the deadline for which ended on the same day.
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