ABU DHABI: The competition-leading Lahore Qalandars had a 10-run win over Peshawar Zalmi as the second game in the first double-header since the resumption of the Pakistan Super League finished in the early hours of Friday morning.
The Qalandars slipped to 25-4 after 7 1/2 overs before Ben Dunk (48) and Tim David combined in an 81-run partnership to re-set the innings. David, who finished unbeaten on 64 from 36 balls, then shared a late 47-run stand with James Faulkner (22) to lift the Qalandars to 170-8.
Faulkner took two wickets in his first over, the second of the innings, to have Peshawar in early trouble before Rashid Khan took a pair in the 10th to keep the Qalandars in control.
Rashid returned 5-20 to restrict Peshawar to 160-8, despite Shoaib Malik’s 48-ball 73.
In the earlier game, Babar Azam’s unbeaten half century went in vain as Multan Sultans defeated defending champion Karachi Kings by 12 runs.
Azam hit 85 off 63 balls, but Multan held Karachi to 164-7 through some disciplined seam and spin bowling.
After being put into bat, Multan did well in the end to push its total to 176-5 with left-handed Khushdil Shah remaining unbeaten on 44 off 32 balls.
Fast bowler Imran Khan claimed 3-28 and leg-spinner Imran Tahir picked up the key wickets of Martin Guptill and Afghanistan’s Najibullah Zadran, who both scored 11 runs each as Azam was kept in check by the Multan bowlers.
Azam took his time to settle down and got little support from the other end to challenge the target. Azam raised his 18th half century in the PSL off 45 balls but his five fours and four sixes in the end were not enough to carry his team home.
Khan claimed all his three wickets in the last over and was on a hat trick when he dismissed Thisara Perera and captain Imad Wasim off successive deliveries.
Qasim Akram denied Khan the hat trick before offering a tame catch off the last ball at extra cover.
South African Rilee Rossouw smashed seven fours in his quickfire 44 off 24 balls and it looked like Multan could cross the 200-run mark.
Rossouw and captain Mohammad Rizwan (29) shared a 68-run third wicket stand off 39 balls as Multan reached 107-2 by the halfway stage.
But Karachi hit back through Thisara Perera, who bagged 2-12 off his three overs as Rossouw sliced a catch to long on and Rizwan was run-out in the same over while attempting a needless second run.
The left-handed Shah propelled Multan’s total with an unbeaten 44 off 32 balls when he hammered Mohammad Amir for three fours and a six in the last over as the left-arm fast bowler, now retired from international cricket, finished with expensive figures of 0-42 off his four overs.
Pakistan’s premier Twenty20 league was moved to Abu Dhabi for the remaining 20 games after it was suspended in March when several players and support staff tested positive for COVID-19 in a bio-secure bubble at Karachi.
PSL: Lahore Qalandars bag late victory over Peshawar Zalmi in Abu Dhabi
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PSL: Lahore Qalandars bag late victory over Peshawar Zalmi in Abu Dhabi
- Starring performances from batsman Tim David and leg-spinner Rashid Khan powered Lahore Qalandars to a 10-run victory
- After setting daunting target of 171 runs, Lahore Qalandars were off to flying start with the ball, removing two openers in second over
Pakistan says Panda bond launch to diversify funding, avoid overreliance on dollar
- Pakistan has said it plans to issue its first-ever yuan-denominated Panda bond in January 2026
- Pakistan minister identifies agriculture, minerals, AI as key areas to attract Chinese investment
ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb said on Tuesday that launching its first-ever Panda bond would allow Islamabad to diversify its external financing sources away from overreliance on the US dollar, the Finance Division said.
Pakistan has said it aims to launch the Panda bond— a yuan-denominated bond issued in China’s domestic market— by January next year. This highlights Pakistan’s efforts to find alternatives to dollar-denominated borrowing as global financial conditions tighten and Islamabad looks to escape a prolonged macroeconomic crisis.
Panda bonds are renminbi-denominated instruments sold to Chinese investors by foreign governments or companies, offering issuers access to China’s deep domestic capital markets while reducing exposure to foreign-exchange volatility.
“He said the [Panda bond] issuance would allow Pakistan to tap into the second-largest and second-deepest capital market in the world, helping diversify funding sources away from overreliance on the US dollar by complementing existing access to euro and sukuk markets,” the Finance Division said.
Aurangzeb was speaking to the state-owned China Global Television Network (CGTN), the Finance Division said.
The finance minister acknowledged Pakistan had “previously underutilized” the opportunity to take advantage of the Panda bond, expressing optimism about investor interest in the Chinese market.
He said Pakistan remains hopeful of launching the bond ahead of the Chinese New Year, calling it a “landmark development” in the country’s external financing strategy.
In response to a question about Pakistan’s economic priorities, Aurangzeb identified agriculture, minerals and mining, artificial intelligence and digital economy as key areas where Islamabad could attract Chinese investment.
“He emphasized that beyond capital flows, this phase of cooperation places strong emphasis on knowledge transfer and technical support,” the Finance Division said.
