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"Anti Corruption Tribunal has found Khalid Latif guilty of all charges..." the Pakistan Cricket Board said on its verified Twitter account.
The 31-year-old, who has played five one-day internationals, had also been fined one million Pakistani rupees ($NZ12,000), the PCB added.
Fellow Islamabad United player Sharjeel Khan also received a five-year ban last month and both were sent home from the Twenty20 competition in the United Arab Emirates after an investigation by the board's anti-corruption unit.
At least two other players have been implicated in the scandal, while another, fast bowler Mohammad Irfan, was fined and given a one-year ban in March this year.