Waheed Mahmood
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 Details
All 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 to checking call details for Warid prepaid numbers, customers can view their existing Tariff Plans with an ability to change the tariff plan of their own choice. Warid customers can also add Family and Friends to enjoy subsidized call rates on various packages.
Zong and Telenor are already offering this service of checking call details for free – however Ufone charges its customers Ufone call details.
Mobilink is still not offering its prepaid customers to check their call details and other records.
Posted in: Telecom News
Following the Mighty Mobilink, Telenor Pakistan has decided to increase balance inquiry charges by 50 percent from all its prepaid customers.
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 up 46 percent of the world demand. Indias mushrooming economy, up-coming festivals and better-than-expected harvest is expected to further strengthen sales. Meanwhile, as world equity markets collapse and the European debt crisis creates ripples across countries, demand for gold-backed ETFs has also increased in the past few years, experiencing a 152 percent zoom in 2008. Investors flock to safer havens like gold, as US Treasury Inflation-Protected Securities (TIPS) yields fall to its sixty year lows. Demand for technological uses of the metal remained more or less unaffected; whereas physical demand for bars and coins rose by 42 percent in 2QCY11 over the same period last year. Yet again, India and China dominated this rush. Mine production was the only positive contributor to the gold supply, increasing by a modest seven percent in 2QCY11. However, the price of the metal is hardly determined by the equilibrium of demand and supply, as the bull-run is largely driven by speculation. Analysts compare the recent ascent to the commodities boom of 1980s, when gold prices spiked to reach a record high of $850 per ounce, only to plummet soon and settle within $300-$400 for some years to come. Adjusting for inflation, this record still stands waiting to be broken, which in other words, means 2000-dollar-prophecy may well come true. So long, wedding revelers.
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 CY08, when the commercial banks ROE averaged around 7.95 percent. The capital position of the commercials banks also remained strong, as bankers managed to keep risk weighted CAR unchanged at 14.2 percent at the end of June 2011 over same period a year earlier. Simultaneously, Tier 1 Capital to RWA also stayed constant at 12.2 percent. A higher CAR means higher protection level for depositors. But the critics relate higher capital adequacy ratios to the banks growing interest in sovereign instruments which have a zero risk weighting. This is also clear from a declining capital to total assets ratio, which eased down to 9.4 at the end of June, 2011, down from 10.1 percent same period last year. Considering the fiscal quagmire and the ever rising debt level, there shall be a healthy debate on assigning some risk weight to government borrowing or putting a cap on a banks exposure to treasury bills. However, asset quality indicators painted a dismal picture as a combination of high interest rate environment and weak economy led to poor asset quality. The commercial banks infection ratio stood at 14.8 percent at the end of June, up from 12.5 percent same periods last year. On top of that, a worrisome development is that the ratio of toxic loans grew in the face of negligible growth in advances. The gross advances level on the commercial banks balance sheet rose by merely seven percent in the past one and a half year. The current higher infection ratio has bucked the market expectation, which had earlier forecasted the ratio of bad loans to have peaked out in 2009. Foreign banks remained more prudent, with the infection ratio of nine percent as of June 30; nearly 5.8 percentage points lower than the average of commercial banks. In part, the deterioration in the asset quality in the past one and a half year will have an adverse bearing on the industrys bottom-line down the line since it will result in higher provisioning cost. The mix of positive and negative indicators calls into question, the soundness of the local banking industry. To no ones surprise, the analysts warn the market of the industrys higher profitability level. The banking industrys profitability is concentrated in the hands of big five banks and has not been supported by growth in advances level or steady asset quality. This can be gauged from the fact that the commercial banks ADR fell to 55.3 percent at the end of 1HCY11, a drop of six percentage points in the past one year. This highlights the existences of conflict of interest between mangers and shareholders in the industry, as the former focuses on short term profitability, while the latter demands quality of earning assets.
LONDON
