The match will also serve as a pre-cursor to the two teams' opening round battle in the ICC World Twenty20, next month.
The Indo-Pak cricket contests over the years have carried a legacy, not to forget the political undercurrents involved whenever the two bitter neighbours square off on the 22 yards.
But the most exciting aspect will be whether the tainted Amir gets to play in the XI.
Virat Kohli has already welcomed Amir's return but not much is known as to what other Indian players, including skipper Mahendra Singh Dhoni, think about the convicted spot- fixer's inclusion.
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In India, the BCCI has taken a zero tolerance approach imposing life bans on players like S Sreesanth, Ankeet Chavan, Ajit Chandila, who have no hopes of returning to competitive cricket.
For Amir though, a good performance against India will probably help him gain some credibility not only in the dressing room but also among the common cricket-loving public in Pakistan.
India already kicked off their World T20 preparations in style, having won six out of the seven games played so far. Pakistan cricketers, on the other hand, are coming straight after playing in the Pakistan Super League (PSL), which keeps them well prepared.
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However, the Asia Cup has never been played in the T20 format, which is also a first.
The two teams met exactly a year and 11 days back in Adelaide during the 50-over World Cup game which India won by 76 runs.
On field, the Indian team, under Dhoni, is peaking at the right time with all the departments coming together. The emergence of Hardik Pandya as a batting all-rounder, who can bowl seam-up, has lent the side requisite balance that Dhoni had long been craving for.
Over the years, one has been a witness to Pakistan teams hitting the zenith and nadir in a space of few matches. On paper, Indians are way ahead in each and every department of the game but the beauty of this game is Pakistan's unpredictability.
For India, there hasn't been much place for experiments with the playing XI. Rohit Sharma has emerged as the next big match-winner after Virat Kohli in the shorter formats. Shikhar Dhawan can be inconsistent but, on his day, he can murder any bowling attack.
For Pakistan, their opening pair is likely to be Mohammed Hafeez and Sharjeel Khan, who just had a good PSL scoring 299 runs for his franchise. However, compared to the Dhawan-Rohit pairing, the duo of Sharjeel-Hafeez don't have the same kind of pedigree.
But when it comes to a match against Pakistan, Kohli invariably raises his game and has played some superlative knocks on big occasions. Having not scored too many against Bangladesh, the Indian vice-captain would be itching to hit it big against the arch-rivals.