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		<link>http://fahadzafar.wordpress.com/2009/07/30/6/</link>
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		<pubDate>Thu, 30 Jul 2009 07:23:57 +0000</pubDate>
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		<description><![CDATA[Fake Movement in Oil Prices: Tuesday up and Thursday down By Fahad Zafar   PVM Head David Hufton, the man who once labeled future exchanges as ‘electronic oil casinos’ and strongly advocated against speculation had to bear looses worth $10m due to unauthorized trading by one of his subordinates.   PVM Oil Associates London, the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=fahadzafar.wordpress.com&amp;blog=8795608&amp;post=6&amp;subd=fahadzafar&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong>Fake Movement in Oil Prices: Tuesday up and Thursday down<br />
</strong>By Fahad Zafar<br />
 <br />
PVM Head David Hufton, the man who once labeled future exchanges as ‘electronic oil casinos’ and strongly advocated against speculation had to bear looses worth $10m due to unauthorized trading by one of his subordinates.<br />
 <br />
PVM Oil Associates London, the world’s largest over-the-counter oil brokerage became a victim of unauthorized trading and had to close substantial volumes of futures contracts at a loss. The rogue broker’s name is Steve Perkins who is experienced and well regarded in the market. PVM had informed the UK’s regulator FSA but news was never shared with the US regulator CFTC, in spite of an agreement between the watchdogs for real time sharing of market-sensitive information. The explanation by PVM explained the extraordinary rise in business activity and prices in the early hours of this Tuesday which most of the analyst thought was caused by some geopolitical event. Reuters reported that prices rose from $71 to $73.5 in just one hour, the highest level for the year. In total futures contracts for more than 16m barrels of oil changed hands in that hour, far more than the traditional 500,000 barrels for that time of the day. The broker had allegedly accounted for at least half of the unusual activity, rest by others chasing the rally. On Thursday oil prices fell ten percent to $66.5 a barrel from Tuesday’s peak.<br />
 <br />
We conclude that regulators should tighten up the risk management mechanism for prevention of such un-realistic movement of the market in future. <br />
 <br />
The writer is a free lance columnist and a professional Risk Analyst.</p>
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		<pubDate>Thu, 30 Jul 2009 07:21:13 +0000</pubDate>
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		<description><![CDATA[Don&#8217;t speak, Don&#8217;t Write, Don&#8217;t Share by Fahad Zafar, Lahore   Honourable Interrior Minister Mr Rehman Malik has issued instructions to the FIA to prosecute people who write against the political leadership of the country. We dont live in London where anyone can go down to Hyde Park Speakers Corner and express what he wants [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=fahadzafar.wordpress.com&amp;blog=8795608&amp;post=5&amp;subd=fahadzafar&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong>Don&#8217;t speak, Don&#8217;t Write, Don&#8217;t Share</strong><br />
by Fahad Zafar, Lahore<br />
 <br />
Honourable Interrior Minister Mr Rehman Malik has issued instructions to the FIA to prosecute people who write against the political leadership of the country. We dont live in London where anyone can go down to Hyde Park Speakers Corner and express what he wants against anyone, including the HM Government. Neither we are in Gen Musharaf era, where he facilitated the idea of discussions and sometimes he himself went to such gatherings and took contructive criticism very calmly.<br />
 <br />
On one side, arrival of such technology has brought problems for the incidental leaders, on the other side it serves as way for sharing one&#8217;s frustrations with his peers. One can write in a soft manner and share his concerns about the economic and political situation of the country with his friends and family members. Sometimes such messages also criticize the captian of the country&#8217;s ship, his incompetence in handling the affairs.<br />
 <br />
Traditionally Mr Malik has mostly generalized the situations and often made late decisions. When Mian Nawaz Sharif was to lead long march from his Model Town residence. He came out and saw only handful of supporters and heavy contigent of police barracading his residence. Then the media brought ordinary people on the roads by showing the entourage of Nawaz. The writer himself went out on the main Ferozpur Road and saw many non political people there because of pull from television channel and short messages (SMS) from friends. This decision of Mr Malik would have served his master only at the time of long march. Which now would only be labelled as a non sense move.<br />
 <br />
Mr Malik should know that he cannot control human interactions, his actions might frustrate people more and force people to group together to share their views. We muslims have been taught that if we see anything wrong we should stand up against it, if we can&#8217;t than atleast speak against it. Now if people write a small one liner against the captains of politics, they only express it softly. If they are cornered than they would definately have to stand up against the things, which would add worries and take things out of control of the ruling elite.<br />
 <br />
An FIA agent may work to protect political leaders and land as the second most powerful person in the government. But now its high time strategic agencies like FIA should focus on terrorists and not waste its resources on picking ordinary citizens for their democratic political activities. Especially when we have a military operation going on in SWAT.<br />
 <br />
According to Walbank (1946), the main reason behind Rome&#8217;s fall was that it was governed by oppressive bureaucracy, resulting in predominance of elites over the individual interests. Conferring honour rather than disgrace was more important fulfilling personal desires.<br />
 <br />
Here we conclude by requesting President Zardari to do away with so called loyal but short sighted advisers who might end him into a Nero situation. Mr Zardari, please show us your courage, you are known to be a friend of friends. Make the ordinary citizen your friends and they would be as good a friend as your Jail friends and may write messages everyday commending your deeds as the nations leader.<br />
 <br />
The writer is a freelance columnist and a professional risk analyst working for a local bank.</p>
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		<pubDate>Thu, 30 Jul 2009 07:05:45 +0000</pubDate>
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		<description><![CDATA[Londonistan, Extremism &#38; False Judgment By Fahad Zafar, Lahore Afew days ago, I walked into a large book store in Jinnah Super Islamabad. I was astonished to see a book titled Londonistan. Having spent some prime years of my life as university student in London, I could not just walk away, rather decided to give [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=fahadzafar.wordpress.com&amp;blog=8795608&amp;post=1&amp;subd=fahadzafar&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong>Londonistan, Extremism &amp; False Judgment</strong></p>
<p>By Fahad Zafar, Lahore</p>
<p>Afew days ago, I walked into a large book store in Jinnah Super Islamabad. I was astonished to see a book titled Londonistan. Having spent some prime years of my life as university student in London, I could not just walk away, rather decided to give it a shot. Londonistan is authored by Oxford educated Ms Melanie Phillips. She is convinced that one day London would become Islamic State of Londonistan. She claims that native Englishmen are only one tenth of the London population, which would reduce in the near future. Muslims are almost 1.6 million out of 60 million British population, making Islam the second-largest religion after Christianity. More people attend mosque than church in the British society. Melanie asks Britons to wake up to the realities of Islamic fundamentalism brewing in the heart of their land. She elaborates that the 7/7 bombers were home grown British Muslim boys under the influence of fundamentalists. She explains that Muslim community desires to spread its religion across the entire globe. Even though modern London is a mixture of different cultures and languages but more and more Muslims girls are adapting to the traditional hijab and burqa. She discusses the multicultural paralysis which is due to the incredibly diverse nature of the London population. She feels Muslim community is the only one to feel that they are being victimized, in reality it’s the native Britons like her who are being victimized. The incredible influx of immigrants from Asian and African Muslim countries have de-shaped the demographics that had been relatively stable for a thousand years. During my days in London, I use to say my Jumma Prayers at the nearest Mosque. A number of times, I had arguments with the British born young Muslim boys, who were distributing hatred pamphlets against the entire Western population and behaved as if they were in a state of war. I always tried to convince them not to generalize a community merely because of a handful of state backed terrorists but our arguments would usually end in me being bullied away. After all I was not a British and was only there for my studies, why would I make foes in a land where I was without my family. Before the start of Iraq War, over a million people gathered in London to protest against the War. I and a couple of my university friends (Pakistani students) went together to Hyde Park. When they saw river of protestors they chickened away as they were scared of being labeled as affiliates of protestors like Muslim Council of Britain, but I surely joined the million protestors to exhibit my concern over the action of Mr Bush. It all concluded peacefully but Mr Tony Blair was not convinced to leave his position as “Puddle of Mr Bush”. Melanie in her book is also generalizing Muslims, by dramatizing that if certain British Muslim boys were 7/7 bombers, all Muslim boys are potential hardliners/ terrorists. I think views of people like Melanie need to change. Someone should explain them that their act would result in a crusade between Muslims and Christians (which I remember was predicted by Naustardamus), resulting in loss of millions of tons of blood. Rather they should write against the action of Mr Bush in Iraq and Afghanistan, where millions of innocent people have been butchered under the orders of mighty Oil traders (explained in Fahrenheit 9/11). Why is United States sending more troops in Afghanistan? Melanie, how about writing another book titled “Kabulrican” i.e. Americanization of Kabul. Similarly, I have also spent a part of my life in Bradford mainly for my MBA. Bradford is labeled as Bradistan and even an Indian film “East is East” showed Bradford as Bradistan. Then we all know how different Council boards were tempered, changing Bradford into Bradistan. No one can forget the 2001 riots, whose clippings are still available on the YouTube. British National Party (BNP) was born in this part of UK, to chase Asian origin Muslims out of Yorkshire area. Last month, a large quantity of arms and ammunition was discovered by Police at an office of the BNP. Melanie, do you still feel, BNP’s existence is not against the minority Muslims. Only afew days ago, a body of a Pakistani origin Manchester trader was flown into his home town in NWFP, butchered by so called drunk Englishmen. Can police protect ordinary Muslim citizens of United Kingdom? What answer do you have? How about writing a book on Leeds taxi drivers, injured/ killed every weekend due to racial attacks by certain group of White people. I still remember one day, I was at the Leeds Town Centre at around 11:00pm with a couple of mates. A group of white males came near us and suddenly one of them started shouting towards me saying some words against Iraq. I simply replied with a smile as I was not an Iraqi and then we took train back home. Similarly, I went to Liverpool with my university mates. A number of cars stopped in my way and a whole list of abuses were thrown on me and my Asian mates. Here I would like to mention my stay in Bristol, there was not a single incident where I had to face anything like Leeds or Liverpool. I think Melanie should write about the treatment of minority by majority whites in different parts of the UK. I must emphasize here that some of the assets I made during my stay in UK are my lifelong white friends. Here, I conclude that as human beings we should learn to respect others religious beliefs and should not generalize deeds of certain humans with that of their community. Hitler generalized Jews because of deeds of some odd ones and initiated something known as Holocaust. Melanie and people like her are following on the footsteps of Hitler and generalizing Muslims as terrorists. I advise them to work together to make this world a better place for you and for me and the entire universe. The writer is a freelance columnist working as Risk Analyst at a local financial company &gt;</p>
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