Wasim, who has performed well with bat and ball for Pakistan since making his debut this year, has been ruled out after he injured himself while playing for his Islamabad region team against United Bank in the Quaid-e-Azam Trophy.
Wasim did not come out to bat in both innings of the match which ended today in Islamabad.
Chief selector Haroon Rasheed, who was at the ground watching the match when Wasim got injured, said he fractured the little finger of his left hand while attempting a catch.
Wasim has starred for Pakistan in his five ODIs and five T20 appearances with both bat and ball.
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Rasheed said the spate of injuries suffered by the players in recent times have badly hit the plans of the national selectors.
"Wasim's injury is a setback since he has shown he can bat well under pressure and has become a mature bowler.
"We are already missing batsman Haris Sohail even as he was developing into a competent middle order bat for Pakistan. He has been out for a while now since his ligaments behind the knee are torn and will heal naturally and there is no time limit when that will happen," he said.
Rasheed said a replacement for Wasim would be finalised after discussions with the team management.