Dav Whatmore is to stand down as Pakistan head coach in February next year.
The former Sri Lanka and Bangladesh coach, who played seven Tests and a solitary one-day international for Australia, took charge of Pakistan in March 2012 on a two-year deal, taking his team to the semi-finals of the World Twenty20.
But after a disastrous Champions Trophy campaign earlier this year - with Pakistan losing all three matches against India, South Africa and West Indies - they then followed that with a Test defeat to Zimbabwe.
A statement on the PCB official website said: "In order to lay speculation to rest with regard to the status of Mr. Dav Whatmore, Head Coach of the Pakistan National Cricket Team, the PCB clarifies that according to the settled terms, the Board's contract with him expires on February 28, 2014.
"Earlier this month Mr. Whatmore informed the PCB that he would not be seeking a renewal of his contract due to his personal and family reasons.
"The PCB acknowledges the fact that Mr. Whatmore enjoys the respect of the Pakistan Cricket Team and management for his commitment and services to the development of the game in the country.
"Under the circumstances, the PCB and Mr. Whatmore have mutually agreed to conclude the contract on February 28, 2014.
"Dav Whatmore will continue working with Pakistan Cricket Team till the expiry of his contract."