On-song Babar drives Peshawar Zalmi to win over Islamabad United in PSL eliminator

Peshawar Zalmi's Babar Azam plays a shot during the Pakistan Super League (PSL) Twenty20 cricket eliminator match between Peshawar Zalmi and Islamabad United at the Gaddafi Cricket Stadium in Lahore on March 16, 2023. (AFP)
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Updated 16 March 2023
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On-song Babar drives Peshawar Zalmi to win over Islamabad United in PSL eliminator

  • Peshawar Zalmi beat Islamabad United by 12 runs to set eliminator 2 clash against Multan
  • Zalmi captain Babar Azam top-scored by smashing 64 runs from 39 balls

Islamabad: Peshawar Zalmi skipper Babar Azam starred in his side's 12-run victory over Islamabad United on Thursday, as the two sides locked horns for the Pakistan Super League (PSL) eliminator 1 at the Gaddafi Stadium in Lahore. 

"We are through to the semi-finals of the HBL PSL 8," Zalmi wrote on Twitter. 

Batting first, Zalmi finished their innings at 183-8, helped by a blistering half-century by Azam. Batter Mohammad Haris made an impressive 34 runs from 17 balls while Saim Ayub scored 23 off 16 balls. 




Peshawar Zalmi's Mohammad Haris, left, plays a shot during the Pakistan Super League (PSL) Twenty20 cricket eliminator match against Islamabad United at the Gaddafi Cricket Stadium in Lahore on March 16, 2023. (AFP)

While United's opening batter Rahmanullah Gurbaz fell early for 10 runs, Alex Hales and Sohaib Maqsood built a solid 115-run partnership before Maqsood departed for 60 from 48 balls. Azam Khan and Hales followed Maqsood to the pavilion soon, as United went from 128-2 to 137-4 in the 17th over. Hales scored 57 runs from 37 balls while Khan made only 2 runs from 3 balls. 

Colin Munro and Faheem Ashraf were dismissed for cheap as well, with the former scoring 4 runs while the latter made only 5. A late blitz by United skipper Shadab Khan was not enough to save the match for United, who finished 12 runs short of the target on 171-6 after 20 overs. 

Khan smashed 26 runs from 12 balls, which included a six and three fours. 

Salman Irshad and Aamer Jamal starred for Zalmi, taking two wickets each. Irshad finished with figures of 2-18 while Jamal finished with 2-36. Azmatullah Omarzai picked up a wicket, giving away 33 runs from his four overs. 

Jamal was awarded the Player of the Match award for his 2-36.

Zalmi will now face Lahore Qalandars for a place in the PSL 8 final. Multan Sultans have already qualified for the final after beating Qalandars by 84 runs on Wednesday. 


Pakistan stocks hit another all-time high as optimism prevails over worker remittances

Updated 20 January 2026
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Pakistan stocks hit another all-time high as optimism prevails over worker remittances

  • Pakistan recorded an inflow of $3.6 billion in Dec., with officials expecting remittances to exceed $40 billion this fiscal year
  • ENGROH, PPL, SAZEW, OGDC and PSO collectively added 661 points as the benchmark KSE-100 index rose by 860 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) hit a another all-time high as it crossed 188,000 points on Tuesday, amid hopes of strong remittance inflows and budget relief linked to the International Monetary Fund (IMF) talks.

Pakistan recorded an inflow of $3.6 billion in December, with Saudi Arabia emerging as the largest contributor. Pakistani officials expect remittances to exceed $40 billion this fiscal year.

On Tuesday, the benchmark KSE-100 index gained 860.09 points, or 0.46 percent, to close at 188,621.78 points, up from the previous close of 187,761.69 points, according to PSX data.

Ahsan Mehanti, chief executive officer of Arif Habib Commodities, told Arab News the market witnessed bullish activity amid speculation of the earnings season.

“FM (finance minister) expectations for $41 billion remittances in FY26, and expectations over renegotiation of IMF deal for relief in federal budget played a catalyst role in the record close at PSX,” he said.

Pakistan is currently navigating a long path to economic recovery under a $7 billion Extended Fund Facility (EFF) approved in Sept. 2024, which has seen Islamabad take several reforms, including privatization of loss-making state entities.

Meanwhile, Pakistani market research firm Topline Securities said in its daily review that the upward momentum at PSX was driven by buying from local mutual funds.

“Additionally, SAZEW [Sazgar Engineering Works Limited] notified that it will commence bookings for its CKD [Completely Knocked Down models] — ‘TANK-500 Hi4-T 4x4 2.0L Turbo AT PHEV and HEV’ — starting Monday, January 26, 2026,” Topline Securities Senior Equity Trader Naveed Nadeem said.

CKD means the cars are assembled locally from imported parts.

Engro Holdings Limited (ENGROH), Pakistan Petroleum Limited (PPL), SAZEW, Oil & Gas Development Company Limited (OGDC), and Pakistan State Oil (PSO) collectively added 661 points to the index, according to the research firm.

It said a total of 1,222 million shares were traded at a value of $227.86 million (Rs63.8 billion) on Tuesday, with Hascol Petroleum Limited topping the volume chart by trading 113 million shares.