ISLAMABAD: Jason Roy’s 116-run knock powered his side to a seven-wicket win over Lahore Qalandars in their Pakistan Super League (PSL) 2022 match at Karachi’s National Stadium on Monday.
Quetta won the toss and decided to bowl first in the game. Lahore scored 204 at a loss of five wickets in 20 overs.
Fakhar Zaman scored 70 runs off 45 deliveries. Harry Brook (41) and Abdullah Shafique (32) were the other top-scorers.
Ghulam Mudassar took two wickets for 43 runs, while Iftikhar Ahmed and Luke Wood dismissed one each.
In response, Roy led the charge to steer his side to victory. He scored 116 run off just 57 balls. James Vince scored 49 off 38 balls, while Mohammad Nawaz chipped in with 25 off 12 deliveries.
Quetta achieved the required 205-run target with three balls to spare at a loss of three wickets.
Roy stars as Quetta Gladiators beat Lahore Qalandars in PSL 2022 clash
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Roy stars as Quetta Gladiators beat Lahore Qalandars in PSL 2022 clash
- Jason Roy hit a brilliant 116-run knock off just 57 deliveries in response to Lahore’s 204/5
- Ghulam Mudassar took two wickets, while Iftikhar Ahmed and Luke Wood dismissed one each
Pakistan issues over $7 billion sukuk in 2025, nears 20 percent Shariah-compliant debt target
- Finance Adviser Khurram Schehzad says this was the highest-ever Sukuk issuance in a single calendar year since 2008
- Pakistan’s Federal Shariat Court ordered in 2022 the entire banking system to transition to Islamic principles by 2027
ISLAMABAD: Pakistan’s Finance Adviser Khurram Schehzad on Monday said the country achieved a landmark breakthrough in Islamic finance by issuing over Rs2 trillion ($7 billion) sukuk this year, bringing it closer to its 20 percent Shariah-compliant debt target by Fiscal Year 2027-28.
A sukuk is an Islamic financial certificate, similar to a bond, but it complies with Shariah law, which forbids interest. Pakistan’s Federal Shariat Court (FSC) had directed the government in April 2022 to eliminate interest and align the country’s entire banking system with Islamic principles by 2027.
Following the ruling, the government and the State Bank of Pakistan (SBP) have undertaken a series of measures, including legal reforms and the issuance of sukuk to replace interest-based treasury bills and investment bonds.
“In 2025, the Ministry of Finance (MoF) through its Debt Management Office, together with its Joint Financial Advisers (JFAs), successfully issued over PKR 2 trillion in Sukuk,” Schehzad said on X, describing it as “the highest-ever Sukuk issuance in a single calendar year since 2008 by Pakistan.”
Pakistan made a total of 61 issuances across one-, three-, five- and 10-year tenors, according to the finance adviser. The country also successfully launched its first Green Sukuk, a Shariah-compliant bond designed to fund environment-friendly projects.
He said the Green Sukuk was 5.4 times oversubscribed, indicating investor demand was more than five times higher than the amount the government planned to raise, which showed strong market confidence.
“The rising share of Islamic instruments in the government’s domestic securities portfolio (domestic debt) underscores strong momentum, growing from 12.6 percent in June 2025 to around 14.5 percent by December 2025, clearly positioning the MoF to achieve its 20 percent Shariah-compliant debt target by FY28,” Schehzad said.
“This milestone also reflects the structural deepening of Pakistan’s Islamic capital market, sustained investor confidence, and the strengthening of sovereign debt management.”
He said Pakistan was strengthening its government securities market by making it more resilient, diversified, and future-ready, supported by a stabilizing macroeconomic environment, a disciplined debt strategy, and a clear roadmap for Islamic finance.
