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