Nawaz's ban is effective from May 16 but he could return to cricket after a month if he fulfilled certain criteria, the board said.
"During the period of ineligibility... Nawaz's central contract executed with PCB shall stand suspended and no new contract shall be offered to him," it added.
The PCB is investigating whether an international syndicate had attempted to influence matches in the Pakistan Super League Twenty20 tournament in Dubai earlier this year and Nawaz is the seventh Pakistan cricketer under the board's scanner.
(Writing by Sudipto Ganguly in Mumbai; editing by Amlan Chakraborty)
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