Get Call Details for Warid Numbers

Warid Telecom is now offering its customers to get their call details in addition to SMS details for their prepaid number. Earlier call detail facility was limited to postpaid numbers only.From now on Warid prepaid customers can check their call details for last 7 days (excluding the present day) via Warid’s website, i.e. www.waridtel.com.How to Check Warid Call DetailsAll you have to do is to visitwww.waridtel.com, click on Member area, if you haven’t created your profile yet then click on create profile and follow the wizard to complete your registrations.If you already a member on Warid’s website then sign in and you can view your prepaid call details via call history option available under services.Service is free of cost.In addition...

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Posted in: Telecom News

Telenor Increases Balance Inquiry Charges

Following the Mighty Mobilink, Telenor Pakistan has decided to increase balance inquiry charges by 50 percent from all its prepaid customers.A message that is being displayed on Telenor’s website reads that charges for all Balance inquiries over USSD are being revised to Rs. 0.15 + Tax, i.e. Rs. 0.18 including tax.Telenor was earlier charging Rs. 0.10 without tax of Rs. 0.12 with tax for all kind of balance inquiries.It maybe recalled that Telenor was the first in industry to charge balance inquiriesback in July 2009, followed by Ufone, Mobilink and Zong.Also to mention here that balance inquiry charges were approved by Pakistan Telecommunication Authority, but it had asked operators to give 30...

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Posted in: Telecom News

All that glitters is gold

Having reached their 10-year historical peak, gold prices are getting dizzier at the top. Yet, given the unyielding demand generated by punters, investors, and consumers alike, prices are seen stubborn in the days ahead. Soaring inflation amid weak global economic indicators has made gold quite enchanting - a tradition that has its roots in time immemorial. By the end of the second quarter this year, global gold demand stood at 919.8 tons, down by 17 percent year-on-year, according to World Gold Council. However, in value terms, gold demand surged five percent to reach $44.5 billion. Almost half the pull came from the jewellery segment with buyers from India, China, Saudi Arabia and USA topping the list. These four countries together made...

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Posted in: Gold Rates,Gold Silver Rates

Is banking industry as sound as a bell?

The latest financial soundness indicators released by the SBP have given out mixed signals on the performance of the local banking industry. The positives first: The banking industrys profitability is on the mend due to a variety of reasons. Higher interest rates, decent deposits growth (29 percent in 18 months), availability of high rewarding sovereign investments enabling banks to sustain high level of margins and cost cutting measures both at administrative level and pouring low cost demand deposits; all helped the banks attain improved bottom lines. The commercial banks ROE jumped significantly to 14.2 percent in 1HCY11 from 10.7 percent at the end of same period a year ago. This represents a significant improvement compared to CY09 and...

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Posted in: banking industry,Pakistan,Pakistani Currency

Bunds pare losses on weak manufacturing data

LONDON: German Bunds pared losses on Thursday as weak manufacturing data out ofSpain and Italy raised worries about growth and whether euro zone countries will be able to lift themselves out of an ongoing debt crisis. Bund futures were last 3 ticks down on the day at 134.53. European stocks were also down after a three-day rally. Copyright Reuters, 20...

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Posted in: Bunds pare,manufacturing data

Euro nurses losses, eyes on US jobs data

SINGAPORE/SYDNEY: The euro steadied on Friday after a drubbing overnight on weak euro zone data, supported by talk that Asian sovereign players were buying the single currency to defend an option barrier. Some traders said the euro may trend lower in coming days, given growing worries about the euro zone growth outlook and the possibility of the European Central Bank softening its hawkish stance at next week's policy meeting. Data on Thursday showed manufacturing in the euro zone contracted for the first time in almost two years and a Spanish bond sale drew lukewarm demand. Also boding ill for the euro is its drop below an upward trendline drawn through its mid-July low and troughs hit in early August. The trendline now comes in near $1.4295...

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Posted in: Euro nurses losses,US jobs data

Mobile phone import grows by 10.15 percent

ISLAMABAD: The import of mobile phone in the country registered an increase of 10.15 percent during first month of financial year as the country imported mobile phones units worth US $49.256 million in July 2011. According to the data released by Federal Board of Statistics (FBS), during the month of July, mobile phone units costing $49.256 million were imported as compared to the import of mobile phone unites worth of $44.716 million during month of June 2011. The mobile phone import was increased by 26.29 percent as compared to the same period of last year as phone import during the month of July 2010 was recorded as mobile units costing 39.003 million. Meanwhile, import of Telecom was increased by 27.18 percent as compared to the import...

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Posted in: China Mobile,Mobile phone,Pakistan