Saturday, December 31, 2011

December..!


Aao K DECEMBR Ko Rukhsat Karen..
Kuch Khushiyon Ko Sambhaal Kar,
Kuch Aansu'on Ko Taal Kar..
Jo Lamhy Guzry Chahaton Mein,
Jo Pall Beety Rafakaton Mein..
Kabhi Waqt K Saath Chalty Chalty,
Jo Thak K Ruky Raaston Mein..
Kabhi Khushiyon Ki Umeed Mili,
Kabhi Bichrey Huon Ki Deed Mili..
Kabhi Be'Panah Muskura Diye,
Kabhi Hansty Hansty Ro Diye..
In Saary Lamhon Ko
Ab Mukhtasir Karen,
Aao K DECEMBR Ko Rukhsat Karen....,,,!

November aur December

November guzr chuka hai,
December guzr raha hai,
Aj (31) ho chuki hai,
Umeed kho chuki hai,
Tak tak k tera rasta
Har dharkan thum chuki hai,
Ratein hain boht stati
Kuch aur din hain baqi,
Phir naya Saal ho ga
Phir wohi haal ho ga,
Dhondon gi tujhe din ko
Har lamha har sa'at ko,
Ik bar tu ayega
Keh de k tu ayega
Is Saal nahin lakin!
Aglay bars ayega
Ye dil behl jayega,
Jhotey tery wadon par
Qasmon par iradon par,
Behla hai ye pehly b,
Ye phir behl jayega
Novembr guzr chuka hai
December guzr raha hay .

Sunday, December 18, 2011

Saving Habit in minor

When I was below the age majority - 18 years (Pakistan) - my parents used to say Beta don't spend all of your money rather you must save some of Rupees from your pocket money. They used to buy ceramic/clay pot (اردو: غلّہ)  for me, so I can put some of my pocket money in the pot for future use. This was the move of my parents to inculcate saving habits in me.

Today - in the technological era; strong financial system; Banking institutions - the use of those ceramic/clay pots is almost dying perhaps died. Many banks offer account services for the age group of new born upto the age of majority to motivate young generation to save for their future needs. In Pakistan following bank offers following accounts with different benefits and features:


Bank Al Habib, one of the growing bank in the metropolitan city Karachi, with over 350 branches countrywide icluding more than 100 branhces alone in Krachi offers account for young generation with the name of Bank Al Habib Young Savers Account with following features:

Start Early, save Wisely!
  1. It can be opened for youngsters up to the age of 18 years.
  2. One can open an account with Minimum of Rs. 5.
  3. Rate of return is expected to be above return on normal saving accounts, which is usually 5% p.a. Currently indicative rate of return on balance up to Rs. 500,000 is 10% p.a. 
  4. Internet banking facility and ATM/Debit card is available for the parent/guardian of the young saver
  5. Young savers of 16 years and above eligible for ATM/Debit Card if authorized by their parents/guardians. 
  6. Account will be operated by the parents/guardian of young saver.
  7. Bank Officers also visit schools to collect deposits. 
Profit would be subject to Zakat. withholding tax, and other Government levies unless exempted.



The Bank of Punjab was established in 1989, having network of 279 branches countrywide. It is one of the Bank wiht so many scams, scandals, emezzlement, fraud, etc. Recently the Bank of Punjab has moved in the line of offering to the minors with the name of Young Lions. The features are as follow:
  1. The product is available for the youngsters below the age of 18 years. 
  2. The account will be opened with parents/guardian
  3. The rate of return on account is 6% p.a. on all balances, the minimum or maximum balance limit is removed from here.
  4. The profit will be calculated on daily product basis.
  5. Withholding tax at 10% will levied on the profit at source, it means when profit will be paid on account, tax of 10% will be deducted at the same time
  6. Zakat will be deducted as per applicable law. 



United Bank Ltd. (UBL), one of the leading bank of Pakistan, with more than 1220 branches nationwide and some branches is other countries, was founded in 1959 by Agha Hasan Abedi.  It is one of the top five bank in Pakistan deposit wise, profit wise, assets wise, and share wise. 

UBL offers account for youg generation in the name of UBL First Minor Savings Account, popularly pronounced as UBL 1st. UBL promotes this account aggressively in schools all over the country, which inludes giving presentations, gifts, souvenir, etc. UBL 1st has following features: 

Pehli bachat, Pehla Account
  1. UBL 1st account is opened in the name of father/mother or guardian. The name of account is follows the pattern i.e. Arfeen (M) / Aleen (G). 
  2. UBL 1st is available to the age group of 1 day baby up to 18 years of age. 
  3. Two accounts are opened at the opening of minor account; one is principal account in which money is deposited, other will be the account in which profit on principal to be credited. 
  4. On the opening of account a Welcome Pack is sent.
  5. Two Visa ATM/Debit cards are provided;one is specially designed UBL First Pocket-Money (complimentary) for the withdrawal of profit from linked account and other is standard UBL Wallet Visa Debit card to withdraw money from the principal account.
  6. Account opening anniversary, birthday wishes, surprises, and gifts are sent to 1st holder. 
  7. Free E-Statement
  8. Free E-Banking
  9. No minimum balance penalty is levied on this account.
  10. Free accedintal death & disability insurance coverage up to Rs. 2.5 million.
These are the some prominent banks that offer saving accounts for the youngsters below the age of 18 years. In my opinion, this is the great move by banks to cater the needs of minor and to inculcate the saving habit in the minor, which is very crucial for the country like Pakistan. 

The benefit is that on savings minor will be entitled some profit. If minor puts some portion of of his/her pocket money regularly in the account, this will pile up his/her wealth. At the end he/she will be having huge sum of money to use at the age of majority. 


Hurry Up! give your child the account as Gift....

Tuesday, December 6, 2011

HBL moves into branchless banking


HBL signing ceremony of branchless banking



Habib Bank Ltd. (HBL), the largest branch network with more than 1450 branches nationawide and presence in more than 25 countries around the globe, ready to move into the branchless banking in Pakistan with the collaboration of Ufone, Sybase 365, and AbacusConsulting by 2012. 

HBL sources suggests that they have invested millions of rupees in the pipeline to step into branchless banking in Pakistan, which will create healthy competition among the other existing operators of branchless banking in Pakistan. Currently EasyPaisa, joint venture of Telenor Pakistan and Tameer Bank; UBL Omni, a venture of United Bank Ltd. (UBL); NADRA's E-Sahaulat, a joint venture of Mobilink and NADRA are working in the industry. Moreover, MCB Bank Ltd. with the collaboration of Nokia and Bank Al-Falah with collaboration of Warid got the liscence of branchless banking from the State Bank of Pakistan (SBP), which will further make market more tougher. 

Ufone, one of the leading cellular operator of the country, will facilitate HBL by providing the SMS service and other mobile related services pertaining to the branchlike banking at initial stage. HBL will take other mobile operators of the country i.e. Mobilink, Telenor, Warid, Zong, Vfone, Wordcall, etc. on board by the passage of time. 



According to the SBP reports branchless banking enjoyed the impressive growth of more than 51% in the first quarter of the fiscal year 2012 as compared to the first of quarter of fiscal year of 2011.  

HBL claims that its branchless banking will provide much more than what current players are offering. HBL through its distinguished service will cover the service of paying taxi fare, gas station charges, airline fare charges and other related services with the mobile banking. 

Account opening, cash deposit, cash withdrawals, bill payments, mobile payment vouchers are the services provided by the current player of the industry namely EasyPaisa and UBL Omni. 

In last, we can safely say HBL's move into the branch banking will set new benchmarks in the branchless banking, which will ultimately lead to the healthy competition among the players. 



Sunday, December 4, 2011

Moharram Poetry

Keh Do Gham-E-Hussain Manane Walon Ko,
Momin Kabhi Shohada Ka Matam Ni Karte,

Hai Ishq Apni Jan Se Zyada Aal-E-Rasool Se,
Yun Sar-E-Aam Hum Unka Tamasha Ni Karte,

Royen Woh Jo Munkir Hain Shahadat-E-HUSSAIN K,
Hum Zinda-O-Javaid Ka Matam Ni Karte..!

(Allama Iqbal)