Chasing a target of 283, Unmukt Chand (121) and Baba Aparajith (90) led India closer to victory with a sensational 175-run stand for the second wicket. But the fall of Aparajith triggered the collapse of India's batting order, losing 7 wickets for 87 runs.
With a score of 175 for 1, India were cruising towards victory to claim their third consecutive Asian Cricket Council Under-19s Asia Cup title. India's middle-order struggled to stay put as Vijay Zol, Akshdeep Nath, Sanju Samson and Smit Patel departed after the fall of Aparajith.
India ended up needing seven runs of the final over. Batting on 120, Chand fell on the fourth ball. Rush Kalaria, who earlier claimed five wickets for 37 runs, smashed a four through the offside, but chipped an easy catch towards mid-off. India ended scoring 282/8 in 50 overs.
India, however, were lucky not to chase down a huge total of 300-plus while Pakistan were at 162/2 in the 31-st over. Thanks to Kalaria's five-wicket haul which saw Pakistan lose five wickets for 29 runs in the last five overs.
The left-arm medium pacer struck twice in two balls for the 48th over including the important wicket of centurion Sami Aslam (134).
Despite a slow start to Pakistan's innings after the fall of Babar Azam (10) and Imam-ul-Haq (10), Umar Waheed (48) and Aslam guided their team with a steady century stand. But India again recovered with Kalaria's brilliant bowling effort, reducing their arch rivals to 282/9.
Chand and Co. were left with mixed emotions as India looked to take revenge of the 1-run loss suffered prior to the finals. Pakistan were almost out of the final until the last ball, but Kalaria, who had an outstanding spell with the ball, failed to deliver with the bat.
The Man of The Match award was shared by two centurions Unmukt Chand and Sami Aslam while both teams shared the ACC U-19 Asia Cup trophy.
Tharindu Kaushal of Sri Lanka was adjudged bowler of the tournament while Aslam was awarded the batsman of the tournament.
Both India and Pakistan head to Australia to compete with 14 other teams in the ICC U-19 World Cup starting in August.
Brief scores: India U-19s 282 for 8 in 50 overs (Unmukt Chand 121, Baba Aparajith 90; Mohammad Nawaz 3/45) tied with Pakistan U-19s 282 for 9 in 50 overs (Sami Aslam 134, Umar Waheed 48; Rush Kalaria 5/37).