Umar, 30, was last year suspended by the Pakistan Cricket Board (PCB) for not reporting spot-fixing approaches made to him before the start of the PSL matches.
A source in the PCB confirmed that Akmal had deposited the fine imposed on him by the Court of Arbitration for Sports in February while disposing off cases filed by the batsman and the PCB.
Pakistan cricketer Kamran Akmal offers to pay Umar's fine for sake of brother's rehabilitation programme
Umar had pleaded with the PCB that he should be allowed to pay the fine installments since he was financially not strong at the moment.
Paying the fine would pave the way for Umar Akmal to return to cricket after serving a ban for breaching clauses of the Anti-Corruption code.
Did not report spot-fixing approach, thought it would not remain confidential: Pakistan batsman Umar Akmal
Akmal is now eligible to resume cricket after the CAS reduced his suspension to 12 months and imposed a fine of 42.50 lakh Pakistani Rupees
Umar was initially suspended from all cricket activities on February 20 last year for not reporting approaches made to him for spot-fixing in the Pakistan Super League.
The Pakistani batsman mixed up the ISL and PSL in an unfortunate slip of the tongue
Pakistan Cricket Board today banned controversial batsman Umar Akmal for three matches following the breach of central contract.
The committee recommended a three-match ban and a fine on Umar Akmal after finding him guilty of breaching three clauses of the players' code of conduct.
PCB issued a show cause notice to Test batsman Umar Akmal after he alleged that head coach Mickey Arthur had abused him during an argument at the national cricket academy in Lahore.
Umar Akmal has claimed that chief coach Mickey Arthur abused him during an argument at the national cricket academy in Lahore.
Umar Akmal had failed the test during a short conditioning camp in Lahore and was not considered for the West Indies tour.
Haris Sohail has insisted that he is ready to give his all in the tournament opener against arch-rivals India.