A well-informed source close to the national selection committee told PTI that Malik, who has been out-of-favour for a year now, is being considered for the one-day and T20 teams after the suspension of Saeed Ajmal.
"The selectors also feel there is a need for another genuine senior allrounder in the limited over squads with the World Cup approaching," the source said.
"The selectors will have a final meeting on Tuesday after discussing with head coach Waqar Younis and captain Misbah-ul-Haq, after which they will submit their recommended names to the board Chairman for final approval and announcement," the source informed.
Malik was dropped after the Champions Trophy in England but got a chance in T20 matches against South Africa and was also in the World T20 squad in which he failed to impress.
The former Pakistan captain, who has played 32 Tests, 216 ODIs and 59 Twenty20 Internationals last appeared in a One-dayer against India in June, 2013.
