"I have today conveyed to the members of the Board of Governors that I will step down on 18th August on completion of my term and I will not be contesting for another term as chairman or in any other capacity in the Board," the 83-year old Shaharyar said.
Shaharyar, a former career diplomat, told the media in Lahore that he had already written to the patron in chief of the PCB, Prime Minister Nawaz Sharif about his decision.
The former High Commissioner to India underwent a major heart surgery in London last year and they were rumours that he would step down.
But Shaharyar returned home and has carried on working as the head of the Cricket Board.
"I have written to the Prime Minister that I am ready to step down, resign at any time if he wants before completion of my term," he said.
Shaharyar said if his resignation is accepted the complete constitutional procedure will be followed by the PCB to elect his successor.
Indications are that Najam Sethi, whom Shaharyar replaced as chairman in 2014 and who is now head of PCB's executive committee, might again be elected as the new chairman of the Board in August or even before that.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
