COLOMBO // Shahid Afridi and Anwar Ali played key roles as Pakistan ended a successful tour of Sri Lanka with a thrilling one-wicket victory in the second Twenty20 international in Colombo on Saturday.
Pakistan recovered from 40 for five in the eighth over to surpass Sri Lanka’s challenging 172 for seven with four balls to spare with Imad Wasim striking the winning six off left-arm seamer Binura Fernando.
Captain Afridi led the way with a 22-ball 45 that included four sixes and a boundary, before Anwar smashed 46 off 17 balls in a match-winning knock that contained four sixes and three fours.
Imad, who remained unbeaten on 24, helped Anwar add 58 for the eighth wicket as the tourists recorded a heart-stopping win in front of a sell-out crowd of 35,000 at the Premadasa stadium that briefly included Sri Lankan President Maithripala Sirisena.
Pakistan, who won the first T20 match by 29 runs on Thursday, completed a remarkable treble on the six-week tour, having earlier won the Test series 2-1 and the one-dayers 3-2.
Afridi played down his own contribution, focusing instead on the contributions of the younger players.
“I think 170 was chaseable, but we panicked early on,” he said. “Then came these awesome innings from Imad and Anwar. Hopefully they will continue to do well in the future also.
“I have an excellent bunch of guys, who have given me hope for the future.”
Fernando, a lean 20-year-old bowler, playing only his second international match, gave Sri Lanka a flying start with a double strike in his second over.
He bowled Ahmed Shahzad with a slower delivery and then forced Mukhtar Ahmed to top-edge a bouncer to Chamara Kapugedera at mid-wicket.
Pakistan’s top order caved in as Mohammad Hafeez and Umar Akmal were run out and senior batsman Shoaib Malik was stumped.
Afridi began the amazing turnaround with a sixth-wicket stand of 61 with Mohammad Rizwan (17) as the inexperienced Sri Lankan attack wilted under pressure.
Earlier, aggressive batting by debutant Shehan Jayasuriya and the recalled Kapugedera lifted Sri Lanka to 172 for seven after skipper Lasith Malinga won the toss and elected to bat in the day-night match.
Jayasuriya, a 23-year-old left-hander unrelated to Sri Lanka’s former captain Sanath Jayasuriya, smashed three fours and two sixes in his 32-ball 40 before he was fifth out.
But it was Kapugedera who boosted the total with an unbeaten 48 off 25 balls that contained four sixes and two boundaries.
Kapugedera put on 55 for the sixth wicket with Milinda Siriwardana (23) as the hosts plundered 59 runs in the final five overs.
Malinga, who conceded 40 runs in his four overs, rued his poor form with the ball.
“I should have bowled better,” the sling-arm fast bowling spearhead said. “But I am happy the way some of the younger players have performed.
“Sri Lanka has a good talent pool to pick from.”
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How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
Score
Third Test, Day 1
New Zealand 229-7 (90 ov)
Pakistan
New Zealand won the toss and elected to bat
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Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
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Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
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Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
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Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
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