Miandad hit Indian pacer Chetan Sharma for a maximum off the last ball to win the final.
That game remains famous for how Miandad kept his nerves in a difficult run-chase and pulled off victory for Pakistan from yet another difficult situation, smashing Indian pacer Chetan Sharma for a six over deep mid-wicket when his team needed four runs to win off the final delivery.
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Chasing a stiff target of 246 in 50 overs, Miandad almost singlehandedly took Pakistan home, scoring a brilliant ton (116), with the next best score of the innings being 36 from opener Mohsin Khan.
For Sharma, that moment haunted him for a while as he received heavy criticism from Indian fans, before thankfully reviving himself with those brilliant spells in England a few months later to help India win a rare Test series abroad.
Earlier in the day, Kris Srikkanth (75), Sunil Gavaskar (92) and Dilip Vengsarkar (50) played stand-out knocks to help India post a total of 245/7.
Imran Khan (2/40) and Wasim Akram (3/43) ensured that Indians didn't completely run away with the game.
For India, apart from Sharma (3/51), Kapil Dev (1/45), Madan Lal (2/53) and Maninder Singh (1/36) also bowled well, but the team came one good ball short of winning the title.
Miandad was awarded "Player-of-the-Match" for an innings and stroke he'll forever be remembered for.