Pakistan cruises to 2nd Twenty20 win vs Bangladesh

Pakistan's pacer Haris Rauf, left, celebrates after taking the wicket of Bangladesh batsman Mahmudullah, right, during their second T20 cricket match at Gaddafi stadium in Lahore on Jan. 25, 2020. (AP)
Short Url
Updated 25 January 2020

Pakistan cruises to 2nd Twenty20 win vs Bangladesh

  • Babar Azam, who was out for zero on Friday in Pakistan’s five-wicket win, remained not out on 66
  • Bangladesh’s top-order batsmen struggled for the second consecutive day as the side was restricted to 136-6

LAHORE: Captain Babar Azam and recalled Mohammad Hafeez struck unbeaten half centuries as Pakistan cruised to a nine-wicket victory over Bangladesh in the second Twenty20 on Saturday and kept alive its hopes of retaining the No. 1 ranking.
Pakistan could stay top if it completes a 3-0 clean sweep by winning the final Twenty20 of the three-match series on Monday.
Recalled 39-year-old Hafeez made an unbeaten 67 off 49 balls while No. 1-ranked Twenty20 batsman Babar remained not out on 66 as Pakistan eased to 137-1 with more than three overs to spare.
Both batsmen entertained a weekend crowd of around 20,000 at the Qaddafi Stadium with a splendid 131-run stand against a listless Bangladesh bowling attack.
Shafiul Islam was the lone successful bowler when he had Ahsan Ali caught at mid off for a duck in his first over before Babar and Hafeez took charge. Bangladesh’s disappointing performance was summed up when wicketkeeper Liton Das dropped Hafeez soon after he had reached his half century.
Hafeez, who completed his half century with two successive fours off Shafiul in the 13th over, struck nine fours and a six while Babar, who was out for zero on Friday in Pakistan’s five-wicket win, hit seven boundaries and a six.
In the absence of the banned Shakib Al Hasan and Mushfiqur Rahim, who pulled out of the tour due to security concerns, Bangladesh’s top-order batsmen struggled for the second consecutive day as the side was restricted to 136-6.
Earlier, opening batsman Tamim Iqbal labored for 53 balls on his way to a top score of 65 before he was run out in the 18th over as the Bangladesh innings struggled to build any momentum against the Pakistan pace attack.
The inexperienced pace trio of Mohammad Hasnain (2-20), Shaheen Afridi (1-22) and Haris Rauf (1-27) combined to bowl 12 overs, conceding only 69 runs between them and sharing four wickets.
Captain Mahmudullah, who won his second successive toss, surprisingly didn’t put himself in the top order while another experienced batsman, Soumya Sarkar, came in after the fall of Tamim’s wicket with only 14 balls left in the innings.
Bangladesh will round out the first phase of the Pakistan tour on Monday. The team didn’t want to stay in Pakistan for more than a week due to security concerns.
The tour was only finalized last week when Bangladesh agreed to split the Twenty20 series and the two ICC World Test Championship matches into three phases after the countries’ national cricket boards reached consensus in Dubai during a meeting facilitated by International Cricket Council chairman Shashank Manohar.
Bangladesh will return for the first test in Rawalpindi from Feb. 7-11. After a break of almost two months, Bangladesh will play an ODI and the second test in Karachi on April 3-9.
Late last year, Sri Lanka also split its tour to Pakistan into two phases when it played a Twenty20 series in Lahore and then returned in December for two test matches in Rawalpindi and Karachi, staying in Pakistan for 16 days.


Pakistan’s forex reserves slump 12% in just weeks amid coronavirus outbreak

Updated 55 min 7 sec ago

Pakistan’s forex reserves slump 12% in just weeks amid coronavirus outbreak

  • Hit by cash outflow, Pakistani rupee dropped 8% in March
  • Currently at $11.2 bn, the reserves are expected to fall further in coming weeks, expert says

ISLAMABAD: Pakistan’s foreign exchanges reserves plunged more than 12% or $1.6 billion over just three weeks in March as the coronavirus outbreak roiled global financial markets, the latest data from the central bank showed.
As on March 27, forex reserves totalled $11.2 billion, down from $12.8 billion as on March 6.
Pakistan last year had entered into a program with the International Monetary Fund amid a yawning current account deficit and depleting reserves that have been shored up with temporary deposits from friendly countries like Saudi Arabia and China.
The situation improved until March aided by inflows into treasury bills that had attracted foreign carry trade money on the back of high interest rates and a fall in imports.
But with the first coronavirus case being reported in the country on Feb. 26, things have started to change.
“This is an alarming situation, because Pakistan came out of an external account crisis just last year through IMF funding,” said Muhammad Sohail, CEO of Topline Securities, a Karachi-based advisory firm.
The fall in reserves is due to multiple factors, including panic selling of debt and equities, and reserves are expected to fall further in coming weeks, Sohail said.
Data as of Friday showed a net outflow of $1.9 billion of foreign investments from Pakistan in March from government treasury bills, equity and bonds, more than halving the total net inflow for the ongoing fiscal year which now stands at $1.15 billion.
The outflows have also hit the Pakistani rupee, which has dropped 8% in March to 166.5 per dollar as of Friday.
To mitigate the pressure, the government in late March asked fuel retailers and refiners to cancel imports from April and increase purchases from national refiners.
Refineries had said they were close to shutting down operations due to a drop in demand due to large scale movement restrictions across the country.
Experts, however, believe the decision was driven primarily to protect foreign currency reserves.
“Demand is collapsing for petroleum products because of the lockdowns and the situation we’re in; but this policy is largely driven by the fact that there is pressure on the reserves and the currency,” Sakib Sherani, the head of an Islamabad-based macroeconomic consultancy firm, told Reuters.
Shernai, who is also a former member of the Prime Minister’s Economic Advisory Council, said that the fall in reserves was also due to a fall in export receipts.
“In March we’ve only seen the beginning of the dip in exports. The bulk of the coronavirus hit will come in April, May and June and we’ll see a very substantial decline,” he said.