Former fast bowler Waqar Younis has been signed in as the new coach of the Pakistan side. Younis will be replacing Intikhab Alam, a former test spinner, who has been appointed the director cricket academies.

Newly appointed Younis becomes the fourth coach of the national team in three years.

The pacer as the coach of the team will be paid a massive package of 650,000 rupees (7,650 dollars) per month.

PCB chairman Ijaz Butt said Younis has been given a contract till December 2011.

Butt revealed former fast bowler Wasim Akram’s name as he was under consideration.

"We had a choice between Younis and Wasim Akram, but since Akram was busy with his commitments in media, we decided to appoint Younis as the new coach," Butt said.

He also added, "Foreign coaches were demanding big money and were willing to work with our team only when it’s touring some other countries. This was not acceptable to us," Butt said. Alam will groom youngsters in cricket academies at Lahore and Karachi.

"Soon, we will have two more academies in Multan and Islamabad and Alam's services will be utilized in all these four academies," he added.