Malala, who campaigns for the right of all children to go to school, survived a Taliban assassination attempt in 2012 and earlier this month became the youngest ever winner of the Nobel peace prize.
The Pakistan Cricket Board (PCB) said the Under-21 women's event to be held in December this year would be dedicated to Malala.
"PCB has decided to honour Malala, Pakistan's young Nobel laureate for peace 2014, by naming its inaugural Under-21 national women cricket championship 2014-2015 after her," said a PCB release.
PCB chairman Shaharyar Khan said he hoped the move would give female cricketers "inspiration and stimulus to excel".
Khan said PCB has been focusing on women's cricket.
"Our women cricketers have gradually picked up and only last month the women's team has retained the Asian Games gold at Incheon," he said.
The tournament is scheduled to be held in December with 12 regional teams taking part from all over the country.
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Way to go,Malala!!
Just what is wrong with Pakistan, congratulate the girl once and do it sincerely, just like anywhere else in the world::Instead everybody wants a piece and wants to get onto the Malala bandwagon.
Fantastic news, May more Pakistanis stand up with the daughter of Pakistan!