Islamabad United hand Karachi Kings second consecutive defeat of PSL 8

Islamabad United's Asif Ali (C) is flanked by teammate Tom Curran (R) as he shakes hands with Karachi Kings' captain Imad Wasim (L) after winning the Pakistan Super League (PSL) Twenty20 cricket match between Karachi Kings and Islamabad United at the National Stadium in Karachi on February 16, 2023. (AFP)
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Updated 16 February 2023
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Islamabad United hand Karachi Kings second consecutive defeat of PSL 8

  • Colin Munro scores 58, Azam Khan 44 as Islamabad beat Karachi at home
  • Haider Ali scored 59 runs from 45 balls, Rumman Raees finishes with 2/26 

KARACHI: Islamabad United’s Colin Munro and Azam Khan helped their side to a four-wicket victory against the Karachi Kings on Thursday after an impressive bowling performance by Rumman Raees. 

Batting first at the National Stadium in Karachi, Karachi Kings finished at 173-7 against Islamabad United. Chasing the total, United were helped largely by Munro, who scored 58 from 28 balls before he was run-out by Matthew Wade. 

Khan also batted impressively, scoring 44 runs from 28 balls before he was caught by Haider Alii off a Musa Khan delivery. 

Before the pair arrived at the crease, United openers Paul Stirling and Hassan Nawaz headed to the pavilion after only making single-digit scores. Stirling scored 4 runs while Nawaz could only make 7 before he got out. 

Rassie van der Dussen, who batted at number three, lost his wicket after scoring 31 from 25 balls. Faheem Ashraf in the lower order scored 12 but it was Tom Curran who took United across the finishing line by scoring 10 from 3 balls, including the huge six that ended the innings and the match. 

Kings skipper Imad Wasim took only one wicket in his four overs and conceded 19 runs. Experienced bowlers Mohammad Amir and Muhammad Musa bagged two wickets each for the Kings. 

Earlier, Karachi Kings batter Haider Ali helped his team put up a decent score of 173-7 against Islamabad United, a target that the latter’s batters proved was easy to chase. 

The Kings, who were batting first, were dealt an early blow when left-handed bowler Rumman Raees clean-bowled James Vince for 4 (3). Opener Sharjeel Khan and Ali put up a 77-run partnership before Khan departed for 34 (26). 

Matthew Wade and Shoaib Malik were unable to impress with the bat, scoring 18 and 18 respectively while Irfan Khan managed to impress with an aggressive cameo, scoring 19 (that included two sixes as well. 

However, Ali carried on with the bat, hitting an impressive seven boundaries and two massive sixes that enthralled the crowd to no end, who were on their feet and cheering for the aggressive right-handed batter. He scored 59 runs from 45 balls before Faheem Ashraf dismissed him. 

Islamabad United’s bowlers did a good job, with Raees, Tom Curran and Mohammad Wasim Junior picking up two wickets each. Raees was the pick of the bowlers, finishing with figures of 2/26. 

Karachi Kings, which had finished bottom of the points table last years, stay at the bottom without any points as Imad Wasim led side has lost its two matches, its earlier contest lost to Peshawar Zalmi.


Pakistan says Panda bond launch to diversify funding, avoid overreliance on dollar

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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.