The PCB on Saturday lifted a one-year ban imposed on all-rounder Rana Naved ul Hasan, paving the way for his return to the national team.
The cricket board also reduced the fine to rupees 10 lakh from 20 lakh.
Rana Naved was one of the seven Pakistani cricketers, who were banned by the PCB after their disastrous Australian tour early in 2010 year.
Except for Hasan, PCB had lifted bans imposed on all other players.
Hasan had appealed against the ban appeared before an appellate tribunal, to hear his appeal.
"I take everything positively and I consider myself very lucky. I will make every effort to return to the Pakistani side," Hasan said.
He met with the PCB chairman Ijaz Butt last month in which he apologised for his conduct and behaviour on the Australian tour that eventually led to his ban and fine of two million Pakistani rupees.
The all-rounder, who has not played cricket in the last six months sue to ban, said he played in domestic cricket to get back to the national side.
"There is a crisis in the Pakistani team and I will make every effort when the selectors choose players again. I hope they will select me. The board accepted my plea. and I hope to play in a domestic T20 tournament coming up," he said.