PCB chairman Shaharyar Khan said from Islamabad that considering the importance of the tour, Altaf, who is also the PCB's director (cricket operations), had been appointed to the post.
"We have relieved Haroon Rasheed who has been our manager for the last two years and did an excellent job," Shaharyar Khan said.
Asad Mustafa, who is general manager (logistics) of PCB, has been appointed as assistant manager.
Altaf was appointed manager after Majid Khan rejected the offer to take up the post of manager on the Indian tour. Majid said that after having served as PCB's chief executive between 1996 and 1999, he could not accept a lower post.
Altaf, who played 21 Tests, said: "It is a great honour for me to serve as manager on such an important tour."
Haroon Rasheed, on his part, said, "it is PCB's decision and I respect that. As far as I am concerned, I am convinced that I performed my responsibilities to the best of my abilities."