In this article, a new simplified structure of a highly birefringent chalcogenide As2Se3 glass photonic crystal fiber (PCF) is designed and analyzed by using fully vectorial finite element method. The effective indices, confinement loss, birefringence, and chromatic dispersion of fundamental polarized mode are calculated in the proposed PCF for a wide wavelength range. To maintain the polarization in chalcogenide As2Se3 glass PCF, we enlarged two of the central air holes and reduced two transverse air holes for achieving high birefringence. This helps in creating an effective index difference between the two orthogonal polarization modes. It is also shown that As2Se3 glass PCF provides lower chromatic dispersion and less confinement loss compared to silica PCF of the same structure in wavelength range 1.3 to 1.8 μm and hence such chalcogenide As2Se3 glass PCF have high potential to be used in dispersion compensating and birefringence application in optical communication systems. In addition to this, the polarization mode dispersion (PMD) result of the proposed PCF is also reported.