While Saeed Ajmal and Mohammad Hafeez walked with most of the awards, Misbah was ignored by the three-member committee formed to select the winners.
"It is disappointing to see that someone like easily enough Pakistan's most successful captain has not been acknowledged by the PCB," former captain Rashid Latif said.
"It is sad that we have always tended to overlook the contribution of Misbah to Pakistan cricket. He has led the side maturely at a time when Pakistan cricket was going through its worst crisis.
"But being a gentleman he has not protested. If I had been in his place or any other cricketer would definitely have protested over this injustice," Latif added.
Latif also said that although critics do not like Misbah's style of play, he would have selected him for all three formats.
Misbah, 38, has gone through a torrid time while leading Sui Northern Gas team in the final of the President
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