Hosts Bangladesh will then take on Sri Lanka, the current title holders, on Sunday.
The tournament will be played in T20 format for the first time.
While the tournament was played in an ODI format, Sri Lanka has been the most prolific team in the tournament's history.
They have won 34 of 48 matches played, and took the trophy home five times.
Bangladesh, India, Pakistan and Sri Lanka will clash with each other for the Asia Cup 2016 victory.
