Infrared spectra of six charge transfer complexes of lead phthalocyanine (PbPc), namely, PbPc-I 2, PbPc-TCNQ, PbPc-DDQ, PbPc-chloranil, PbPc-TCNE and PbPc-TNF, where TCNQ=7,7,8,8-tetracyano-1,4-quinodimethane, DDQ=2,3-dichloro-5,6-dicyano- p-benzoquinone, TCNE=tetracyano- p-ethylene and TNF=2,4,5,7-tetranitro-9-fluorenone have been studied in the range of 400–4000 cm −1. The analysis of featureless absorption is carried out for studying transition across the Peierls gap of 0.225 eV. The electronic absorption envelopes at 1500, 1100 and 3400 cm −1 are found to have Gaussian shapes and not the degenerate oscillators, as found in purely organic conductors. There is a pairing of two electrons on phthalocyanine ligand as required in Little's model, and consequently, the electronic absorption envelope is a doublet. Electronic absorption envelope is a doublet showing two peaks at 1500 and 1100 cm −1, indicating a two-electron problem in PbPc. Metal–ligand vibrations between 400 and 700 cm −1 lead to indirect transition between the valence and conduction bands and phonon-mediated coupling between metal chains and the side chains.