Sunday, November 1, 2009

Rawalpindi Blast Monday November 02, 2009

Rawalpindi: The death tally in Rawalpindi suicide has mounted to 22, including a woman and many other people are injured, which took place near Shalimar Hotel behind Pearl Continental hotel located on a Mall Road Commercial Area. at morning.

People busy in banks and offices of traveller agencies locate close to blast site, mostly fell victim to blast whose dead bodies shifted to District Headquarter Hospital, Rawalpindi.

According to police source, a suicide bomber riding motorcycle blew himself up near bank and travel agencies' offices to cause collateral damages.

Emergency has been declared in all hospitals as some among 23 injured people were said to be critical in condition including an army major.

Hospital sources confirmed as many as 22 people have lost their lives while 23 others were wounded, some even critical in condition among them, have been admitted to 16 different hospitals.

According to preliminary information, a loud explosion, could be audible up to far and wide places, occurred at 10:40 am to target law enforcement agencies’ officials meanwhile, security forces’ officials had cordoned off the entire blast site.

It may be mentioned; the GHQ is located 500 yards away from blast site, which is a commercial area.

Thursday, October 29, 2009

Strong Earth Quake in Pakistan : Magnitude is 6.4

Tonigh Strong Tremores felt inmany areas of Punjab, and NWFP. The magnitude of the tremore is 6.4. at 11:45PM strong tremors have been felt in Islamabad, Peshawar, Lahore, Rawalpindi, Chakwal, Mansehra, Muzaffarabad, Swat, Abbotabad, Dera Ghazi khan and other adjacent areas.

The tremors continued for over 30 seconds causing panic in the people.

SIM Information System -- 668

Pakistan Telecommunication Authority

Dear All!!

Is someone using your Identity i.e CNIC for an illegal mobile connection? You can now check it online using PTA Link below:

http://www.pta. index.html

Please forward it to others so we can help in stopping crime and terrorism.

Best Regards,

Shakoor Bhatti

Sunday, October 25, 2009

Forex is Hegemoney and Hedge Fund?

Due to vast potential of the foreign exchange market, rampant poverty as well as insatiable human desires irking individuals to get rich overnight, many invest their meager resources in foreign exchange trading; resultantly, it is commonplace nowadays to come across such individuals who drown themselves by jumping into this vast vast sea of speculation, where innumerous factors, including political conditions in the international arena, market psychology (jumping on every rumor and usually going against retail foreign exchange brokers) and the old adage that goes with the forex, viz, buy the rumor and sell the fact, these downtrodden underdogs, the newcomers in the forex market are dubbed as losers.

It is by and large true that due to their immense funds and inner circle exchange of news (not rumors for them) the central banks and hedge funds usually win the day leaving in their wake financial corpses of thousands of people who do not know a b c of this myriad natured trade

Credit Cards Misused

Use of credit cards by the teens is fraught with dangers. It is not only true from the point of view of a banker, it is also true for parents and guardians who risk their property in case of a default on the part of their teenager sons or daughters.

It seldom happens that a teenager owns a property or some such item against which he or she can get a credit card issued, therefore, in order to ensure that the teenagers have financial discipline it is mandatory for the society in general and the parents in particular to educate their children on the use of credit cards.

Mutual well being of the society is very much dependent on this aspect.

If the rampant use of credit cards on the part of teenagers is not reduced by taking drastic steps, then we are heading towards such great financial irregularities, which will be difficult to control.

It is obviously elating to see our son or daughter financially independent, however, the most important thing to consider is "at what cost".

Home Loan

Everyone is dreaming to own a home. But a million dollar question is, "how to finance a home". Many people find the answer in the term, "home loan".

Many banks offer easy home loans to their clients, with a starting grace period before the installments to return the loan start. It is easy to fall prey to these offers for many people.

What is needed to be considered in this aspect is, the repayment of loan. If one has a good job, it is still to be seen whether paying the installments will be practical considering all the other expenditures.

If you are running a business, then it is easier to finance a home and often a loan is not required. But you are ambitious about owning a large home, your small business maybe of little help.

By and large, a medium business or a good income job can be considered as mediocre guarantees of enjoying the luxury of getting a home loan and having good hope of returning it.

It would be prudent to mention here the Islamic concept of financial transactions. Islam completely rejects taking loan or giving loan on interest.

Some other via media has to be thought of for the purpose, as the present riba or interest based banking does not offer any solution.

Friday, October 16, 2009


Personal Loan (Bad Credit) is a loan designed for the many people with a bad credit rating. A bad credit rating can make your life a misery.

However created, your past record of CCJ's (County Court Judgements), mortgage or other loan arrears can live on to deny you access to finance that other people regard as normal.

If you are a UK home owner with equity in your property, a UK Bad Credit Personal Loan can bring that normality back to your life. Secured on your home, a UK Bad Credit Personal Loan can give you the freedom, for example, to do the home improvements or buy the new car you really wanted.

You can borrow UK Bad Credit Personal Loan from 5,000 to 75,000 and up to 125% of your property value in some cases. A UK Bad Credit Personal Loan is a low cost loan secured on your UK home. It frees up the spare capital (or equity) in your home for you to use on whatever you want.

UK Bad Credit Personal Loan is ideal if you want to raise a large amount and have a poor credit history you may be able to get a UK Bad Credit Personal Loan even when you have been turned down for an unsecured loan. There are loan plans for applicants who have CCJ's and mortgage arrears, it doesn't matter how many months arrears you have or how many CCJ's you have registered against you, if you have the equity in your property the chances are that a loan plan can be tailored to suit your needs.

Whether or not you've missed a few payments on your current credit payments, there are loan plans that will allow you to re-establish your credit rating. So if you've been turned down for credit elsewhere don't despair.

More detailed information:

County Court Judgement (CCJ):
A county court judgement is a judgement for debt in the county court. If a judgement is settled in full within 30 days of the date of the judgement it will not appear in the credit register.

A judgement may be set aside, varied and suspended on application to the court. Judgements are registered publicly with Registry Trust and held for six years. In the event of a payment after that date the judgement will appear in the register but will be shown as being satisfied. However a satisfied judgement will, in most cases, show on your credit history and will treated as adverse credit history.

If you have experienced a county court judgement and it has had a negative affect on your credit history you may still be able to obtain a loan via specialist lenders.

Arrears are mortgage payments that have not been made by the due date or are not to the correct amount in accordance with the mortgage deed agreed by the policy holder and the lender.

Borrowers with arrears in their credit history may find lenders are less willing to provide them with a loan. Fortunately some high street lenders will consider providing credit impaired borrowers with a loan.

A UK Bad Credit Personal Loan can help you with:

Home improvements such as a new kitchen or bathroom
That once-in-a-lifetime holiday
Your dream car or boat
Repaying credit card or other debts to reduce your monthly outgoings to a more manageable amount

A UK Bad Credit Personal Loan rates are variable, depending on status. Your monthly repayments will depend on the amount borrowed and term.

Risk Factor In FOREX

The Forex is essentially risk-bearing.

The evaluation of the grade of a possible risk accounted should be the following kinds of it:
Exchange rate risk,
Interest rate risk, and
Credit risk,
Country risk.

Exchange rate risk:
Exchange rate risk is the effect of the continuous shift in the worldwide market supply and demand balance on an outstanding foreign exchange position.

For the period it is outstanding, the position will be subject to all the price changes. The most popular measures to cut losses short and ride profitable positions that losses should be kept within manageable limits are the position limit and the loss limit.

By the position limitation a maximum amount of a certain currency a trader is allowed to carry at any single time during the regular trading hours is to be established. The loss limit is a measure designed to avoid unsustainable losses made by traders by means of stop-loss levels setting.

Interest rate risk:
Interest rate risk refers to the profit and loss generated by fluctuations in the forward spreads, along with forward amount mismatches and maturity gaps among transactions in the foreign exchange book. This risk is pertinent to currency swaps, forward outright, futures, and options (See below).

To minimize interest rate risk, one sets limits on the total size of mismatches. A common approach is to separate the mismatches, based on their maturity dates, into up to six months and past six months.

All the transactions are entered in computerized systems in order to calculate the positions for all the dates of the delivery, gains and losses. Continuous analysis of the interest rate environment is necessary to forecast any changes that may impact on the outstanding gaps.

Credit risk:
Credit risk refers to the possibility that an outstanding currency position may not be repaid as agreed, due to a voluntary or involuntary action by a counter party. In these cases, trading occurs on regulated exchanges, such as the clearinghouse of Chicago.


Forex market within the IFC Markets are performed due to SPOT conditions. A spot transaction is a straightforward (or outright) exchange of one currency for another.

The spot rate is the current market price or 'cash' rate. Spot transactions do not require immediate settlement, or payment 'on the spot'.

By convention, the settlement date, or value date, is the second business day after the deal date on which the transaction is made by the two partie

Wednesday, July 29, 2009

The Real Facts About a Credit Card.

Credit cards are of various types which are categorized according to their usage and TOS.

People use creditcards according to their basic needs, like we have student credit card with lower limits, visa credit cards, and gold cards.

Credit cards are used for vaious purposes and due to credit cards a lot of crimes are been controlled, since a coin has two sides like tale and head the same is wit credit crds although they are playing a very positive role imn our day to day life, but at the same time they have some draw backs, like a big issue of credit card hacking.

Banks are trying to cover up all the drawe backs and it is hoped that they will control them up.

Stock Market Around The World

I have recently come to know that the current year will be the badest year in the history of world in economic crises. Economic crises are the serious issue which spoiled the buisness through out the world.

Its main target is Stock markets through out the world which laid people to the wall relating stock market.stock markets play an important role in the growth of the country and they are drowning.people have become frostrated throughout the world and they dont know the person to blame. this economic crises put the world in serious troubles. These should be resolved.

Pakistan Credit Cards Issuer's and Bank

The Following are the banks and issuer's of credit cards in Pakistan.

1- Allied Bank
2- MCB
3- Askari Commercial Bank
4- Habib Bank
5- Citi Bank
6- Standard Chartered Bank
7- UBL
8- HSBC Bank
9- NIB
10- Barclays Bank


Tuesday, July 28, 2009

Banking system in Pakistan

Pakistani government always invitd investers to be a part in rebuilding the country, in this regard a lot of investers from worldwide came up here and invested in a lo0t of fields especially telecommmunication and banking fileds are at the top most level.Banking is now getting a lot of popularity among pakistani people because more and more competition among various banks brought awareness and changed the mind level of pakistani people.

Today more then 17 banks are working in the private, like Asakari Bank, Muslim cemmercial bank, Women Bank, Khyber Bank, Bank Al-falah, Faisal Bank, United Bank, Meezan Bank, Allied Bank, Bank Al-Habib, Arif-Habib Bank and Standardf Chartered Bank.Most of the banks are from private bank, and thats why they are working under great competition environment.All the banks are providing different profit rates