The integrity committee of the Pakistan Cricket Board on Friday cleared Malik of financial misconduct which had kept him away from international cricket for a year.
Chief selector Mohsin Khan said in a statement on Saturday that Malik was included after consulting the team management, and that the squad would be "further strengthened" with his inclusion.
Coach Waqar Younis also welcomed Malik and said there's still "a lot of cricket left in the all-rounder and its good that he is available to play for Pakistan."