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Karachi Kings won the toss and elected to field first. 1st Innings Islamabad United, having lost 4 of their main overseas players including Colin Munro, Luke Ronchi, Colin Ingram, and Dale Steyn, were put in to bat first. The openers were cautious as they combined to add 35 for the first wicket. A number of players got the starts, however, none of them went big, thus posting a very small total of 136/6 in their 20 overs. All of Karachi’s bowlers contributed to restricting Islamabad United to a meager total. Hussain Talat top-scored with 37 from 30 as the away side hit just one six in the entire innings. 2nd Innings Chasing a target of 137, Sharjeel Khan and Babar Azam were brilliant right from the word go. The openers added 60 in just 4 overs before Sharjeel was given LBW off the bowling of Akif Javed. Babar followed soon after as Mohammad Musa cleaned him up. After that, Islamabad bowlers tied the screws. In the 7 overs after Sharjeel’s wicket, the batsmen could only add 26 run..

State Bank of Pakistan (SBP) has revised the systematic reporting pattern for commercial banks to monitor interest rates and deposits rates being offered to borrowers and depositors in various schemes and products. In this regard, the central bank issued guidelines for commercial banks along with a revised reporting system that will improve the accuracy of the data and the efficiency of the banking industry. All the interest rates for SBP concessional schemes like Export Finance Scheme and Long-Term Financing Facility and others like PM’s loan scheme for youth shall be aligned with the prescribed rates. The central bank instructed banks to verify if any local currency loan is priced below SBP Reverse Repo Rate. It further asked banks to verify foreign currency deposits on significantly high-interest rates of more than 4%. Ideally, overnight interbank placement and lending rates, among conventional banks, shall fall within the SBP Interest Rate Corridor (i.e. Policy Rate – 150 bps t..