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  • Asia Cup to kick off on August 30 in Pakistan's Multan city


Asia Cup to kick off on August 30 in Pakistan's Multan city

The Asia Cup 2023 trophy being unveiled in Lahore, Pakistan, on July 19, 2023. (Photo courtesy: Pakistan Cricket Board)
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Updated 19 July 2023
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Asia Cup to kick off on August 30 in Pakistan's Multan city

  • Pakistan to face India in high-octane clash on September 2 in Kandy
  • Asia Cup matches to be held in Multan, Lahore, Kandy, Colombo
Updated 19 July 2023
Shahjahan Khurram

ISLAMABAD: The Asia Cup 2023 will kick off from the Pakistani city of Multan on August 30, the Pakistan Cricket Board (PCB) announced on Wednesday, with the hosts taking on minnows Nepal in the tournament opener. 

Four out of the 13 matches of the 50-over tournament will be played in Pakistan's Multan and Lahore cities, with the other two matches set to take place in Sri Lanka's Kandy and Colombo cities. 

Pakistan will face India in a highly anticipated clash on September 2 and if both sides advance to the Super 4 stage, will meet again on September 10 in Colombo. 

"In Pakistan, Multan will host the tournament opener between Pakistan and Nepal on 30 August before the action shifts to Lahore for the remaining three matches," the PCB said in a statement. 

"Sri Lanka will use Kandy for the three first round matches and Colombo for the five Super-4 stage fixtures and the 17 September final."

Pakistan and India are seeded as A1 and A2, respectively with Nepal as the third side in Group A, while Sri Lanka and Bangladesh are seeded as B1 and B2 in Group B, respectively with Afghanistan as the third side.

“We are thrilled to announce the highly anticipated Men's ODI Asia Cup 2023, a celebration of cricketing excellence that unites the nations of Asia in the spirit of competition and camaraderie," Jay Shah, ACC president, said in a statement. 

PCB Management Committee Chairman Zaka Ashraf expressed delight at the Asia Cup returning to Pakistan after 15 years. 

"Our fans have waited for this for a long time and, as such, we look forward to making it bigger and better so that the fans and participants can start counting down days leading up to the ICC Champions Trophy, which Pakistan will host in February 2025," he said.

Schedule:

Group A – Pakistan (A1), India (A2) and Nepal (Nepal will take position of the side, which fails to progress to the Super-4 stage)  

Group B – Sri Lanka (B1), Bangladesh (B2) and Afghanistan (Afghanistan will take position of the side, which fails to progress to the Super-4 stage)

30 Aug – Pakistan v Nepal, Multan Cricket Stadium, Multan, Pakistan
31 Aug – Bangladesh v Sri Lanka, Pallekele International Cricket Stadium, Kandy, Sri Lanka
2 Sep – Pakistan v India, Pallekele International Cricket Stadium Kandy, Sri Lanka
3 Sep – Bangladesh v Afghanistan, Gaddafi Stadium, Lahore, Pakistan
4 Sep – India v Nepal, Pallekele International Cricket stadium Kandy, Sri Lanka
5 Sep – Afghanistan v Sri Lanka, Gaddafi Stadium, Lahore, Pakistan
6 Sep – A1 v B2 (Super-4), Gaddafi Stadium, Lahore, Pakistan
9 Sep – B1 v B2 (Super-4), R. Premadasa International Cricket Stadium (RPICS), Colombo, Sri Lanka
10 Sep – A1 v A2 (Super-4), R. Premadasa International Cricket Stadium (RPICS), Colombo, Sri Lanka
12 Sep – A2 v B1 (Super-4), R. Premadasa International Cricket Stadium (RPICS), Colombo, Sri Lanka
14 Sep – A1 v B1 (Super-4), R. Premadasa International Cricket Stadium (RPICS), Colombo, Sri Lanka
15 Sep – A2 v B2, (Super-4), R. Premadasa International Cricket Stadium (RPICS), Colombo, Sri Lanka
17 Sep – Final - 1 v 2, R. Premadasa International Cricket Stadium (RPICS), Colombo, Sri Lanka
18 Sep – Reserve day for the final

Topics: ACC Asia Cup 2023

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
Updated 05 March 2026
Hasaan Ali Khan

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.

Topics: Pakistan Stock Exchange

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