PCB chief executive Rameez Raja said Rashid, a former Test cricketer, would be retained just like skipper Inzamam-ul-Haq and coach Javed Miandad were asked to continue despite the humiliation at the hands of India in the recent home series.
"My personal opinion is that we can't have a team management, which includes the captain, coach and manager, on trial after every series. We need to show confidence in them and we can't have them under observation all the time," he said.
"The way I see it we will be giving out a long-term contract to the manager. I don't see any reason in replacing Haroon or anyone else now," he was quoted as saying by local daily The News.
After the defeat in One-day as well as Test series, PCB came under heavy pressure to make changes at the top. The Board first announced it would retain Inzamam and after initial hesitation confirmed the continuation of Miandad.
While Miandad has another year to go in his two-year contract with the Board, Haroon's one-year contract expired after the India series.