South Africa wrap up Test series win over Pakistan

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South Africa players celebrate the wicket of Pakistan’s Salman Agha during the fourth day of the second test match between South Africa and Pakistan in Cape Town, South Africa, on January 6, 2025. (AP)
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Pakistan’s Shan Masood plays a shot while South Africa’s Kyle Verreynne looks on during the fourth day of the second test match between South Africa and Pakistan in Cape Town, South Africa, on January 6, 2025. (AP)
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Updated 06 January 2025
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South Africa wrap up Test series win over Pakistan

  • Forced to follow on 421 runs , Pakistan battled to 478 all out
  • South Africa easily knocked off a target of 58 on the fourth day

CAPE TOWN: South Africa eased to a 10-wicket victory over Pakistan in the second Test on Monday in Cape Town to secure a 2-0 series win despite second-innings resistance from the tourists.
Forced to follow on 421 runs behind on the first innings, Pakistan battled to 478 all out but South Africa, who qualified for the World Test Championship final last week, easily knocked off a target of 58 late on the fourth day.
David Bedingham hit 44 not out off 30 balls as South Africa sealed victory in just 7.1 overs.




South Africa’s David Bedingham smashes the ball skyward during the fourth day of the second test match between South Africa and Pakistan in Cape Town, South Africa, on January 6, 2025. (AP)

Bedingham was opening in place of Ryan Rickelton, who suffered a hamstring strain in the field after scoring 259 in South Africa’s first innings of 615.
Captain Shan Masood led Pakistan’s fightback, scoring 145.
Masood fell to the second new ball, trapped leg before wicket by 18-year-old debutant Kwena Maphaka.




South Africa’s Kyle Verreynne (L) and Aiden Markram (R) appeal the wicket of Pakistan’s Shan Masood (C), during the fourth day of the second test cricket match between South Africa and Pakistan in Cape Town, South Africa, on January 6, 2025. (AP)

Masood’s dismissal came three balls after Kagiso Rabada had Saud Shakeel caught at second slip for 23, ending a 51-run fourth-wicket stand.
Pakistan, a batter short after Saim Ayub suffered a broken ankle while fielding on the first morning, were still 92 runs in arrears after the double blow.
But Mohammad Rizwan (41) and Salman Agha (48) put on 88 for the sixth wicket and Aamer Jamal hit a quick 34 before the innings was ended.




South Africa’s Kyle Verreynne (C) fields the ball while Pakistan’s Mohammad Rizwan (R) plays and misses during the fourth day of the second test match between South Africa and Pakistan in Cape Town, South Africa, on January 6, 2025. (AP)

South Africa’s bowlers received virtually no assistance from a placid pitch.
Left-arm spinner Keshav Maharaj, who had been expected to be a major factor on a fourth day pitch, achieved minimal spin and toiled for 45 overs to take three for 137.
South Africa will go into the Test championship final against Australia at Lord’s in June on the back of seven straight wins — the second most successful sequence in their history.


Pakistan issues over $7 billion sukuk in 2025, nears 20 percent Shariah-compliant debt target

Updated 29 December 2025
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Pakistan issues over $7 billion sukuk in 2025, nears 20 percent Shariah-compliant debt target

  • Finance Adviser Khurram Schehzad says this was the highest-ever Sukuk issuance in a single calendar year since 2008
  • Pakistan’s Federal Shariat Court ordered in 2022 the entire banking system to transition to Islamic principles by 2027

ISLAMABAD: Pakistan’s Finance Adviser Khurram Schehzad on Monday said the country achieved a landmark breakthrough in Islamic finance by issuing over Rs2 trillion ($7 billion) sukuk this year, bringing it closer to its 20 percent Shariah-compliant debt target by Fiscal Year 2027-28.

A sukuk is an Islamic financial certificate, similar to a bond, but it complies with Shariah law, which forbids interest. Pakistan’s Federal Shariat Court (FSC) had directed the government in April 2022 to eliminate interest and align the country’s entire banking system with Islamic principles by 2027.

Following the ruling, the government and the State Bank of Pakistan (SBP) have undertaken a series of measures, including legal reforms and the issuance of sukuk to replace interest-based treasury bills and investment bonds.

“In 2025, the Ministry of Finance (MoF) through its Debt Management Office, together with its Joint Financial Advisers (JFAs), successfully issued over PKR 2 trillion in Sukuk,” Schehzad said on X, describing it as “the highest-ever Sukuk issuance in a single calendar year since 2008 by Pakistan.”

Pakistan made a total of 61 issuances across one-, three-, five- and 10-year tenors, according to the finance adviser. The country also successfully launched its first Green Sukuk, a Shariah-compliant bond designed to fund environment-friendly projects.

He said the Green Sukuk was 5.4 times oversubscribed, indicating investor demand was more than five times higher than the amount the government planned to raise, which showed strong market confidence.

“The rising share of Islamic instruments in the government’s domestic securities portfolio (domestic debt) underscores strong momentum, growing from 12.6 percent in June 2025 to around 14.5 percent by December 2025, clearly positioning the MoF to achieve its 20 percent Shariah-compliant debt target by FY28,” Schehzad said.

“This milestone also reflects the structural deepening of Pakistan’s Islamic capital market, sustained investor confidence, and the strengthening of sovereign debt management.”

He said Pakistan was strengthening its government securities market by making it more resilient, diversified, and future-ready, supported by a stabilizing macroeconomic environment, a disciplined debt strategy, and a clear roadmap for Islamic finance.