Tuesday, November 12, 2013

Moharram Poetry

Hazaar Sajday Zameen-e-haram pe hon lekin..
Haasil Rooh-e-ibaadat nahi tau kuch nahi..
Bata diyaa hai Nabi Pak (PBUH) key Taweel sajday ne..
Hussain Tujhe Mohabbat nahi tau kuch bhi nahi..

Saturday, June 22, 2013

Most Expensive Watch and PM Pakistan

Since Couple of days Pakistani media generally and Political parties in opposition specially have discussing and criticizing the Prime Minister (PM) of Pakistan for wearing one of the most expensive wrist watch - Louis Moinet -   in the world.

When I was kid, I used to spend not more than PKR 1,000/ to buy wrist watch but as I grew older my budget increased and I used to insist with my father that I need to buy some good watch so I can stand unique in my Friend's circle. You may call it showing off or anything but that feeling was very different and pleasing one.. Since I'm independent now and earn some good amount, so I don't buy less than what I had to buy with my father's money.

Living standard goes up when income or saving increases.

The plot here is what is wrong in wearing wrist watch of $ 4.6 million or PKR 46 Crore? I see nothing wrong in it when one can earn Billions of Rupees per year. Mr. PM is not a poor person, he is renowned industrialist of the Pakistan who owns scores of companies.

Lets have a look on the watch he worn during National Assembly (NA) session:

Louis Moinet

Finally, I would like to write that May God give him many many days to wear that watch and I pray that God may grant me one such ;)

Disclaimer: I'm not Pro PML (N)...

Reference: Wikipedia

Tuesday, May 28, 2013

Profit on PLS Savigns Account

Hurrah! Yet another milestone by State Bank of Pakistan (SBP) on advising Banks to give profit rate on average monthly balance to its customers maintaining Profit & Loss Sharing (PLS) or Savings account in Pak Rupee. 

Since last decade SBP has been playing the very role of, or atleast trying to, Central Bank in the economy. It has brought many reforms pertaining to the Banking generally and depositors particularly. Before Dr. Shamshad Akhtar, the 14th Governor of State Bank of Pakistan, Banks used to give profit on saving account not more than 2-3 percent. Thanks to her, she gave order to the all Banks in the country to give profit no less then 6% p.a.

If you're not shrewed, you're not supposed to be a Banker - A saying very common. Realizing the jump of 3-4 percent on deposit cost, Bankers found a way to curtail the cost. They decided to adhere with the State Bank policy - Which they're supposed to - and at the same time cut cost by saying, Okay we'll pay 6% p.a. on PLS accounts but on the minimum monthly balance. Saanp Bhi Merr Jaaye aur Laathi Bhi Na Tootay!

So now onward Banks are not supposed to enjoy on the expense of depositors' money. This is very good step, which will motivate masses to save more and consume less.