An independent adjudicator upheld Nasir Jamshed's 10-year ban on Monday for his involvement in spot-fixing in the Pakistan Super League.
The Pakistan Cricket Board said in a statement that retired Justice Hamid Farooq found the punishment "perfectly justified" and shall remain in force.
Jamshed, a 28-year-old left-handed opening batsman, had appealed against the PCB verdict two months ago.
The tribunal also handed Jamshed a life ban from being involved in the management or administration of cricket and put his name on a list of players to be avoided by cricketers and all stakeholders.
However, the adjudicator set aside both sanctions because they fell outside the anti-corruption code.
The PCB had charged Jamshed with violating seven of its anti-corruption codes and believed he was the main cricketer behind approaching and soliciting other players for spot-fixing.
The other Pakistan players who were fined and banned for spot-fixing in 2017 include Sharjeel Khan, Khalid Latif, Mohammad Nawaz, Mohammad Irfan and Shahzaib Hasan.