The 26-year-old left-arm spinner, who bats left-handed, fractured a finger in his left hand during a first-class match for Islamabad against United Bank Limited in a Quaid-e-Azam trophy match on Thursday.
"Wasim has fractured his finger and is ruled out of the four-match one-day series against England," said a Pakistan Cricket Board spokesman.
Dazed PCB wakes up: Imad Wasim added in 'D' category
Wasim has made his mark in one-day and Twenty20 cricket since making his debut against Zimbabwe at home in May-June this year.
He hit a last-over six to help Pakistan beat Sri Lanka in a Twenty20 match in August this year.
Wasim also hit a half century to help Pakistan win a one-day contest in Zimbabwe earlier this month.
Pakistan is likely to announce the one-day squad during the third Test against England in Sharjah, starting Sunday.
The first of four one-day matches between Pakistan and England will be played in Abu Dhabi on November 11.
The two teams will also play three Twenty20 internationals.
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