Prime Minister Muhammad Shehbaz Sharif who is also patron of Pakistan Cricket Board has constituted a 14-member committee headed by Najam Sethi to streamline affairs of the Board.
A 14-member management committee including former Pakistan captains Shahid Afridi and Sana Mir will take interim charge of affairs.
The committee will have 120 days in which they are expected to change the PCB's constitution, bringing back the 2014 constitution of Board.
In a tweet, Chairman Pakistan Cricket Board, Najam Sethi, says the cricket regime headed by Ramiz Raja is no more.
He said the management committee, which is being headed by him, will "work tirelessly" to revive first-class cricket.
PCB Chairman said thousands of cricketers will be employed again and the famine in cricket will come to an end.