‘They must not lose to India’: Pakistan begin bid this week for second 50-overs World Cup title

India's (L) and Pakistan's palyers arrive for the Asia Cup 2023 one-day international (ODI) cricket match between India and Pakistan at the Pallekele International Cricket Stadium in Kandy on September 2, 2023. (AFP/File)
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Updated 05 October 2023
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‘They must not lose to India’: Pakistan begin bid this week for second 50-overs World Cup title

  • Arch-rivals India and Pakistan set to clash in mouth-watering Oct. 14 contest in Ahmedabad
  • Babar Azam and team were surprised by support they received since landing in Hyderabad

ISLAMABAD: As Pakistan begin their bid for a second 50-overs World Cup title this week, Pakistanis hope the team will be able to rise to the challenge, particularly in games against arch-rivals India.

India and Pakistan have suspended bilateral cricket, thanks to soured political relations between the neighbors, and play each other only in multi-team events.

India declined to tour Pakistan for the Asia Cup, which was played between Aug. 30 and Sept. 17, and played their matches in Sri Lanka instead.

“They [Pakistan] must not lose to India,” Islamabad shopkeeper Muhammad Din Khan, told Arab News. “The rest, winning and losing is ongoing but they must not lose to India.”

Babar Azam and his team mates were surprised by the support they received since landing in Hyderabad last week, where they played both their warm-up matches. They will begin their attempt for a second 50-overs World Cup title at the same southern Indian city against the Netherlands tomorrow, Friday. This is Pakistan’s first tour of India since the T20 World Cup in 2016.

India and Pakistan are set to clash in a mouth-watering Oct. 14 contest in Ahmedabad.

“Every Pakistani wishes for the team to return victorious but the way the situation is, it looks like a lot of players have been taken [to the World Cup] who did not deserve a place in the team,” tailor Altaf Hussain said.

UN employee Jamshed Khattak concurred.

“There should have been a few changes in the squad,” he told Arab News as he sat at an upscale cafe in Islamabad.

“One, [fast bowler] Muhammad Amir should have been brought back … and secondly [all rounder] Imad Waseem also deserved a place.”

Another concern on the Pakistani side is the short boundaries at some Indian venues which Babar said might reduce bowlers to cannon-fodder over the next six weeks.

“The boundaries are small. There is no margin for the bowlers,” Babar said during his pre-tournament media interaction along with nine other captains on Wednesday. “If the bowling is a little bit off, the batsman utilizes it. So, there will be high scores.”

Many Pakistanis are also worried about the performance of batters, including captain Babar, widely regarded as one of the finest in contemporary cricket. He is ranked as the number one batter in ODIs and third in T20Is and fourth in Tests.

“Babar Azam is a world class player but at the top we are seeing he is pulling the weight of three players because it appears that Imam ul Haq and Fakhar Zaman are playing for the opposing side,” said Wasif Abbasi, a British Council employee.

“And that pressure falls on Babar due to which he is unable to play his natural game.”

“India plays with all of its 11 players, we don’t play with 11,” tailor Hussain said. “If our three [batters] get out, our team is a flop.”

But Babar still had high expectations from his bowling unit led by left-arm quick Shaheen Afridi.

“It’s more or less the same team playing the last three years together, and I think bowling remains our strength.”


Pakistan capital market transitions to T+1 settlement cycle ahead of multiple advanced markets

Updated 10 February 2026
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Pakistan capital market transitions to T+1 settlement cycle ahead of multiple advanced markets

  • A T+1 settlement cycle means that securities transactions are finalized and settled one business day after trade date
  • Effective from Feb. 9, all eligible trades at the PSX are now settled on a T+1 basis, replacing the previous T+2 cycle

KARACHI: Pakistan’s capital market has officially transitioned to the Trade plus one (T+1) settlement cycle, a landmark reform that strengthens efficiency, reduces risk and aligns the country with international best practices, the Pakistan Stock Exchange (PSX) said on Tuesday.

A T+1 settlement cycle means that securities transactions are finalized and settled one business day after the trade date, which reduces counterparty risk and improves capital efficiency in the exchange of funds and securities. 

Effective from Feb. 9, all eligible trades at the PSX are now settled on a T+1 basis, replacing the previous T+2 cycle. The transition was implemented under the guidance of the Securities and Exchange Commission of Pakistan (SECP) through close collaboration among all stakeholders, according to the PSX.

It aligns Pakistan’s capital market with leading markets such as the United States, Canada, Mexico, Argentina, Jamaica and China, which have already adopted shorter settlement cycles. Europe, the UK and Switzerland are set to follow by 2027. By moving early, Pakistan has demonstrated its commitment to modernization and investor protection.

“The transition to the T+1 settlement cycle brings important advantages for Pakistan’s capital market. It enables faster access to funds and securities, improving liquidity, while reducing settlement and counterparty risk through shorter exposure periods,” the PSX said.

“Quicker trade finalization enhances efficiency and the reform strengthens investor confidence, particularly among institutional and foreign investors. Together, these benefits support a stronger and more resilient market aligned with global best practices.”

Pakistan’s stock market has touched historic highs in recent months as broad institutional buying boosted investor confidence amid ongoing economic reforms under international lending programs. Pakistani state media reported in Jan. around 135,000 new investors had joined the PSX over the last 18 months.

SECP Chairman Dr. Kabir Ahmed Sidhu commended the PSX, the Central Depository Company and the National Clearing Company of Pakistan for the successful implementation of the T+1 settlement system.

“The reform brings Pakistan’s capital market at par with modern jurisdictions by accelerating trade settlement, reducing counterparty and market risks, and enhancing liquidity,” he was quoted as saying by the PSX.

“The adoption of T+1 will strengthen investor confidence and align Pakistan’s capital market with evolving international standards and global best practices.”