The 30-year-old Panyangara will not be part of the three ODIs and three T20Is owing to a back injury, according to 'ESPNcricinfo'.
Taurai Muzarabani, who has played six ODIs and seven T20Is, was picked in Panyangara's place.
Though he was sacked as captain, Hamilton Masakadza retained his place in both sides. Graeme Cremer, who missed the 2016 World T20 with injury, returned and will lead both squads of 18 men each.
In addition to Cremer's legspin, Zimbabwe have left-arm spinners Wellington Masakzadza and Tendai Chisoro and another legspinner Timken Maruma as slow bowling options.
Tendai Charata, Donald Tiripano and Neville Madziva will be the seamers.
Elton Chigumbura, Sikandar Raza, Sean Williams and Craig Ervine will form the top and middle order.
The ODIs will be played from June 11 to 15 and the T20s will be played from June 18 to 22. All six matches will be played in Harare.
IMAGE: Zimbabwe's newly elected captain Graeme Cremer
Squads:
ODI: Graeme Cremer (capt), Richmond Mutumbami (wk), Taurai Muzarabani, Chamu Chibhabha, Peter Moor, Elton Chigumbura, Vusi Sibanda, Tawanda Mupariwa, Sean Williams, Sikandar Raza, Neville Madziva, Donald Tiripano, Timycen Maruma, Wellington Masakadza, Tendai Chisoro, Hamilton Masakadza, Tendai Chatara, Craig Ervine
T20I: Graeme Cremer (capt), Richmond Mutumbami (wk),Taurai Muzarabani, Brian Chari, Peter Moor, Elton Chigumbura, Vusi Sibanda, Luke Jongwe, Sean Williams, Sikandar Raza, Neville Madziva, Donald Tiripano, Timycen Maruma, Wellington Masakadza, Tendai Chisoro, Hamilton Masakadza, Tendai Chatara, Malcolm Waller.
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