Dhoni decided to give the final over to Joginder Sharma. Misbah had dispatched the second ball off the final over for a six and Pakistan was just 6 runs away from the target.
The 37-year-old was phenomenal in India's World Cup triumph in 2011 as he became the first all-rounder to score over 300 runs and scalp 15 wickets in a single World Cup.
The team from Down Under will next face Sri Lanka in a three-match T20I series whereas England will take on New Zealand in a five-match T20I series and two-match Test series.
England leveled the five-match series by 1-1 and will play against Australia in the fourth Ashes Test at Old Trafford from September 4.
Labuschagne was the highest scorer from the Australian side and was scalped by Ben Stokes. Tailenders too failed to add some runs to the scoreboard as the whole team was bundled out for 179 in 52.1 overs.
The 30-year-old Smith has so far scored 378 runs in the ongoing Ashes series between England and Australia. But Kohli will get a chance to better his lead as India gear up to face West Indies in the two-match series.
Along with Nathan Lyon, Smith stitched a 74-run stand, which saw the right-handed Smith bringing up his century. Stuart Broad finally dismissed Smith, giving him a five-wicket haul and ending Australia's innings at 284
England and Australia will be the first two cricketing nations to wear names and numbers on their jerseys for the first time in the 142 year history of Test cricket.