In major PSL 8 trade, Babar Azam joins Peshawar Zalmi

This illustration, released by Peshawar Zalmi on November 11, 2022, features the Pakistan cricket team captain Babar Azam who joined the franchise for the eighth edition of the Pakistan Super League. (Photo courtesy: Twitter/Peshawar Zalmi)
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Updated 11 November 2022
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In major PSL 8 trade, Babar Azam joins Peshawar Zalmi

  • Haider Ali, Shoaib Malik move to Karachi Kings
  • Lahore Qalandars retain Shaheen Afridi, Rashid Khan

ISLAMABAD: In a major Pakistan Super League (PSL) 8 trade, Peshawar Zalmi announced on Friday it had signed Pakistan’s all-format skipper Babar Azam for the eighth edition of the cricket tournament, as Haider Ali and Shoaib Malik move to Karachi Kings.

PSL is Pakistan’s own professional T20 cricket league contested between February and March each year. The league features six franchises, each representing a Pakistani city. Lahore Qalandars won the PSL 7 trophy during last year’s edition.

Azam, appointed captain of the Kings franchise by owner Salman Iqbal, was severely criticized last year after his team lost seven consecutive matches in PSL 7.

According to a local media report, Azam’s relationship with Karachi Kings deteriorated over “financial issues and concerns over the player’s image.”

“In one of the biggest trades of the tournament, 2017 champions Peshawar Zalmi snapped Babar in the Platinum category and the first pick in the supplementary round for Haider Ali and Shoaib Malik who move to Karachi Kings,” the PCB said in a statement, referring to the PSL retentions.

During a PSL trade and retention window, a franchise can assemble up to eight players before the PSL Player Draft, in which it can increase the squad side to 18 players. Of these 18, three are selected each in Platinum, Diamond and Gold categories, five Silver, two Emerging and up to two Supplementary categories.

Complete list of retained players:

Islamabad United: Shadab Khan (Platinum). Asif Ali (Brand Ambassador) and Mohammad Wasim Jr. (Diamond). Azam Khan, Faheem Ashraf and Hasan Ali (Gold). Colin Munro and Paul Stirling (Silver).

Karachi Kings: Haider Ali (Platinum). Imad Wasim, Mohammad Amir and Shoaib Malik (Diamond). Aamir Yamin, Mir Hamza and Sharjeel Khan (Silver). Qasim Akram (Emerging)

Lahore Qalandars: Rashid Khan and Shaheen Shah Afridi (Platinum). David Wiese (Diamond). Abdullah Shafique (Gold). Harry Brook and Kamran Ghulam (Silver). Zaman Khan (Emerging). Eighth retention to be announced in due course.

Multan Sultans: Mohammad Rizwan (Platinum). Khushdil Shah, Rilee Rossouw and Shan Masood (Diamond). Shahnawaz Dahani (Brand Ambassador) and Tim David (Gold). Abbas Afridi and Ihsanullah (Emerging).

Peshawar Zalmi: Babar Azam (Platinum). Sherfane Rutherford and Wahab Riaz (Diamond). Mohammad Haris (Gold). Aamir Jamal (Brand Ambassador), Salman Irshad and Tom-Kohler Cadmore (Silver).

Quetta Gladiators: Mohammad Nawaz (Platinum). Iftikhar Ahmed and Jason Roy (Diamond). Mohammad Hasnain and Sarfaraz Ahmed (Gold). Naveen ul Haq, Umar Akmal (Mentor) and Will Smeed (Silver).

Meanwhile, the PCB announced 493 leading international cricketers around the world have made themselves available for the PSL 8 Player Draft.

Of these, 29 are in Platinum category and 81 in Diamond from both full member and associate cricket nations. Below are the list of foreign players who have registered for the PSL 8 Player Draft:

Platinum — Aaron Finch, Adil Rashid, Akeal Hosein, Alex Hales, Bhanuka Rajapaksa, Colin De Grandhomme, Dasun Shanaka, David Miller, Dawid Malan, Evin Lewis, Jimmy Neesham, Lungi Ngidi, Martin Guptill, Moeen Ali, Mohammad Nabi, Mujeeb ur Rehman, Nicholas Pooran, Odean Smith, Rahkeem Cornwall, Rahmanullah Gurbaz, Rashid Khan, Rassie van der Dussen, Reece Topley, Saqib Mahmood, Shakib Al Hasan, Tabraiz Shamsi, Tom Curran, Tymal Mills and Wanindu Hasaranga De Silva.


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.