Pulse arrival-time delays PSR 1257+12 suggest the existence of at least two planets in nearly circular orbits around it. In this paper we discuss different scenarios for the formation of planets in circular orbits around pulsars. Among other topics, we look in some detail at wind emission mechanisms that are particularly relevant to the process of evaporation of planets around pulsars and discuss their possible role in orbit circularization. We conclude that the formation of such planets may occur in a very late phase of low-mass X-ray binary (LMHB) or binary millisecond pulsar (BMP) evolution