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Pakistan won by 7 wickets after bowling out Bangladesh for a paltry 204.
The PCB has formed a five-member committee to probe Inzamam's role in the company Yazoo International.
Pakistan are on the brink of a group stage exit at the tournament and need to defeat Bangladesh on Tuesday to preserve any slim hopes of making the semifinals.
A 111-run partnership between Shahidi (58 not out) and Azmatullah (73 not out) for the unbroken fourth wicket stand formed the cornerstone of the big win, their third in this tournament.
Only a top-eight finish in the World Cup would guarantee them a place in the Champions Trophy in Pakistan.
'The quality is important, and the quality of the players is also very important. They were very important wickets and the team won – that is more important,' he said in the post-match press conference.
England were reduced to 52/5 inside 16 overs and were eventually bundled out for 129 in inside 35 overs.
Iyer is an excellent player of spin bowling. However, his poor technique against the short ball is a cause of worry for the Indian team management ahead of the big games.
He will be replaced by fellow pace bowler Dushmantha Chameera.
India are looking to leapfrog South Africa and return to the top of the table with their sixth consecutive win.
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