Shahzad clinched the title 7-6 (7-1), 6-1 after a 75 minute encounter.
An eighth class student, Shahzad had remarkably improved his world ranking from 847 to 479 by winning the first ITF competition last week. After this victory he has a chance to enter in top 200.
Although Shahzad won the title, faced a stiff challenge from Ashiq in the first set which was decided on a tiebreaker.
Ashiq got off to a flying start in the first set and held his service with two aces. Both held their serves and were tied at 6-6.
Shahzad, however, prevailed over his spirited opponent and displayed a skillful game in the tiebreaker, taking a 3-1 lead before winning 7-1.
After fighting neck and neck in the first set, Shahzad recovered and played aggressively in the second to clinch it 6-1 with two breaks in the fourth and sixth games.
Shahzad executed fine placements. Ashiq, who gave a tough fight in the first set looked off colour in the second and committed several unforced mistakes. Shahzad gained a commanding lead of 5-1 to win the final 6-1.