55-year-old Basit was earlier tipped to take over as the Foreign Secretary but the government had last week changed its mind.
Analysts said the move was possibly to accommodate Basit, the current Ambassador to Germany, in the crucial posting.
"Yes, Ibne Abbas is not being appointed to India. Basit will be the new High Commissioner to India," the official told PTI.
Current Foreign Office Spokesperson and Additional Foreign Secretary Aizaz Chaudhry is likely to be appointed the new Foreign Secretary.
Abbas' "agreement" (formal consent for posting) had also been sought from the Indian government. A fresh consent would now be send to the Indian government.
Basit had earlier served as the Director General/Foreign Office spokesperson between 2008-2009 and as Additional Secretary (Europe)/Foreign Office Spokesman between 2009-2012.
Abbas, a career diplomat who had earlier served as Counsellor (political) at the Pakistan High Commission in New Delhi, is likely to replace Basit as envoy to Germany.
He had also served as the Director of the Kashmir Affairs at the Ministry of Foreign Affairs here and was the Director General of the South Asia division.
Shahbaz has been invited for the visit by Punjab chief minister Parkash Singh Badal for a Kabbadi final match to be played in Ludhiana on December 13.
He could also visit New Delhi for a brief stay the same day, the report said quoting sources.
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