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Welcome to my website

Visit my 43 years Practical Banking Experience-Created a Few Books for You on Amazon.

👉 Read Banking Education
👉 Explore Shipping Terms
👉 View My Books on Amazon

Welcome to My Website

I am Mukhtar Ahmed Khan, a retired banker with 43 years of practical banking experience in Pakistan.

During my professional career, I worked with 9 commercial banks and gained extensive experience in:

• Foreign Trade

• Export & Import Procedures

• Shipping Documents

• Banking Operations

• Finance & Credit

• Practical Banking Training

This website is dedicated to sharing real banking knowledge, educational articles, professional experience, and books written to help students, bankers, and business professionals.

You are warmly welcome to explore:

• Banking Education Articles

• Shipping & Trade Terms

• My Banking Career Story

• Banking Books Published on Amazon

• Professional Writing Services

Thank you for visiting my website.

Amazon.com Messaged to me!

Congratulations, your book “International Money Market” is now live and available for purchase in the Kindle Store and enrolled in KDP Select! If you republished your book, your changes will be published based on these timelines.

We hope you enjoy the benefits of KDP Select. In addition to your KDP royalties, you’ll earn a share of the monthly global fund from Kindle Unlimited for each page a customer reads in your book for the first time. Plus, you can use the book promotion tools, including Kindle Countdown Deals, time-bound promotional discounting on Amazon.com or Amazon.co.uk, or a Free Book Promotion.

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Kind regards,

The Kindle Direct Publishing Team

Mukhtar Ahmed Khan <mukhtar.khan201255@gmail.com>

Wed, Apr 29, 7:24 PM (4 days ago)

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1973 September I repatriated through Wagha Boarder as POW after 2 years detention Reached Lahore met /rejoin my family then after 4 days I started my Journey to Karachi, with the permission of my Eldest Brother, Mehboob Hassan Khan ,like father, who was Cameraman Lahore TV since 1969.

 My transition from the hardship of being a POW to the physical endurance of that 20-hour, Hard Seat of Awami Express train Journey, 3rd Class coasted only Rs13/. It’s a story of grit that will resonate with all Resilience, anyone looking for motivation. 

• This is a classic "fork in the road" story. Describing the hospitality of Chairman, Pakistan International Airlines, at Karachi Airport , waited 1 PM to 5.PM to meet with The MD UBL, Mian Rafique Saigol and why you chose banking at 5:15 PM, had a cup of Tea of PIA Charman's Chamber with all Blessings of Allah Almighty blessed upon me, that day makes the history feel alive and personal.

• Likelihood of interest: Very high. Historical anecdotes involving major Pakistani institutions like PIA and UBL are highly engaging for viewers interested in the nation's corporate heritage.

PERSONAL STORY 1970 TO 1974 HOW I BECOME POW,  SENT TO INDIIAN POW 33. Urdu Transcription (Professional Style)

1973 میں، دو سال قید رہنے کے بعد میں بطور جنگی قیدی واہگہ بارڈر کے ذریعے پاکستان واپس آیا۔

لاہور پہنچ کر اپنے خاندان سے ملا اور اپنے بڑے بھائی سے اجازت لے کر کراچی روانہ ہوا۔

میرے بڑے بھائی، جو میرے لیے والد کی حیثیت رکھتے تھے، 1969 سے لاہور ٹی وی میں کیمرہ مین تھے۔

کراچی پہنچ کر میری ملاقات جناب Mian Rafique Saigol سے ہوئی۔

میں نے اپنی درخواست پیش کی اور انہوں نے نہایت شفقت کے ساتھ میری خیریت دریافت کی۔

یہ ملاقات میری زندگی کا ایک اہم موڑ ثابت ہوئی، جس نے مجھے بینکاری کے شعبے کی طرف لے جانے میں بنیادی کردار ادا کیا۔

Why this works: This is a classic "fork in the road" story. Describing the hospitality of Mian Rafique Saigol and why you chose banking at 5:30 PM that day makes the history feel alive and personal.

Likelihood of interest: Very high. Historical anecdotes involving major Pakistani institutions like PIA and UBL are highly engaging for viewers interested in the nation's corporate heritage.

From East Pakistan to UBL: My Journey of Resilience and Career Beginnings in Karachi 

“This video series shares my real-life journey from difficult times to a 43-year banking career. It reflects struggle, patience, and professional growth.” 

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Professional Profile

I am a seasoned banking professional with 43 years of distinguished experience in Pakistan’s banking sector. I graduated in 1979 and completed a 6-month specialized Foreign Exchange Training program with Star Position in 1988, from UBL Staff Colege followed by a Banking Diploma in 1993. Over my career, I developed deep practical expertise in retail and corporate banking operations, foreign exchange and trade finance, cash and vault management, customer relationship handling, compliance, documentation, and branch administration. I also remained actively involved in training, mentoring, and knowledge sharing, guided by the principles of punctuality, honesty, and steadiness.

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After 43 years in banking, I’ve written this for young officers and students.

I’ve shared everything freely — no fees, no courses.

If even one person learns from it, my effort is worth it.

Would truly appreciate your thoughts.    Join me at  youtube.com/c/MukhtarAhmedKhan  

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After 43 years in banking, I’ve written this for young officers and students.

I’ve shared everything freely — no fees, no courses.

If even one person learns from it, my effort is worth it.

Would truly appreciate your thoughts.    Join me at  youtube.com/c/MukhtarAhmedKhan  

 or  https://sites.google.com/view/mukhtarblogging/1-home-page

My Banking Knowledge Library is now OPEN for ALL.

After 43 years of hands-on banking experience, I am opening my complete practical banking knowledge for students, bankers, professionals, and learners worldwide.

 This is not theory — it is real banking practice:

• Foreign Exchange

• Import–Export Documentation

• Bills of Exchange & Bills of Lading

• LC operations & document handling

• Risk awareness from real cases

 Join me to discover the treasure of practical banking knowledge:

 YouTube Channel:
https://youtube.com/c/MukhtarAhmedKhan

 Official Website:
https://sites.google.com/view/mukhtarblogging/1-home-page

Knowledge grows when shared.
Those who seek will find value.

Mukhtar Ahmed Khan, My 43 year Experience -created  many books for you on Amazon.com Please Read Me.

Wed 29 Apr, 19:25 (7 days ago)

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مبارک ہو، آپ کی کتاب "انٹرنیشنل منی مارکیٹ" اب لائیو ہے اور Kindle اسٹور میں خریداری کے لیے دستیاب ہے اور KDP سلیکٹ میں اندراج شدہ ہے! اگر آپ نے اپنی کتاب دوبارہ شائع کی ہے، تو آپ کی تبدیلیاں ان ٹائم لائنز کی بنیاد پر شائع کی جائیں گی۔

ہم امید کرتے ہیں کہ آپ KDP سلیکٹ کے فوائد سے لطف اندوز ہوں گے۔ آپ کی KDP رائلٹی کے علاوہ، آپ Kindle Unlimited سے ماہانہ عالمی فنڈ کا حصہ ہر اس صفحے کے لیے حاصل کریں گے جو صارف آپ کی کتاب میں پہلی بار پڑھتا ہے۔ اس کے علاوہ، آپ کتاب کے فروغ کے ٹولز استعمال کر سکتے ہیں، بشمول Kindle Countdown Deals، Amazon.com یا Amazon.co.uk پر وقتی پروموشنل رعایت، یا مفت کتاب کی تشہیر۔

اپنی کتاب کو فروغ دینے اور مزید قارئین تک پہنچنے میں آپ کی مدد کے لیے یہاں اضافی وسائل ہیں:

ہمارے پیش کردہ تجارتی پروگراموں کے بارے میں جانیں، بشمول اپنی کتاب کو مارکیٹ کرنے کے دس طریقے۔

Amazon Author Central کے ذریعے ایک مصنف صفحہ بنائیں تاکہ قارئین آپ اور آپ کے کام کے بارے میں معلومات حاصل کر سکیں۔ آپ یہاں سے ایمیزون مصنف میں شامل ہو سکتے ہیں۔ پہلے سے ہی مصنف کا صفحہ ہے؟ اس بات کو یقینی بنائیں کہ آپ اپنی تمام کتابوں کا دعوی کرتے ہیں، بشمول یہ کتاب۔ جب آپ اپنی کتابیں شامل کرتے ہیں، تو وہ ہمارے ماہانہ KDP سلیکٹ آل اسٹارز بونس پروگرام کے لیے اہل ہو جاتی ہیں۔

سلام،

کنڈل ڈائریکٹ پبلشنگ ٹیم

Contents: How a Banker Can Save Their Customer from Any Mishap

1️⃣ Introduction

• Importance of client protection in banking
  
  

• Role of the banker as advisor, guardian, and transaction overseer
  
  

• Overview of common import/export, LC, and document-related mishaps
  
  

2️⃣ Understanding the Transaction

• Always review Letter of Credit (LC) terms carefully
  
  

• Verify all documents required (B/L, Invoice, Packing List, Certificates, etc.)
  
  

• Understand client expectations and product specifications
  
  

3️⃣ Document Verification & Discrepancy Detection

• Steps for scrutiny and match with LC
  
  

• Checking for:
  
  

  • Missing documents (e.g., DHL receipt)
    
    

  • Incorrect details (amounts, dates, consignee info)
    
    

  • Quality discrepancies of goods
    
    

• Action when discrepancies are found:
  
  

  • Notify Exporter/Remitting Bank immediately
    
    

  • Hold documents at bank’s risk
    
    

  • Protect client from accepting non-compliant goods
    
    

4️⃣ Timely Action & Reporting

• Immediate reporting within reasonable period (usually 7 days)
  
  

• Preparation of SWIFT messages or official bank correspondence
  
  

• Reversing or halting transaction if necessary
  
  

5️⃣ Case Studies from Real-Life Banking

• Example 1: Missing DHL receipt → $12,000 saved for M/s Sanaullah Textile
  
  

• Example 2: Low-quality shipment of Polyester Acrylic Yarn → client trust maintained, account moved with banker
  
  

• Lesson: Professional vigilance prevents financial loss and reputational damage
  
  

6️⃣ Accounting & PAD Treatment

• Correct entries in PAD (Payment Against Documents)
  
  

• Debit Margin (if any)
  
  

• Debit Payment Against Documents
  
  

• Credit Exporter Bank
  
  

• Reverse LC Liability Voucher if necessary
  
  

7️⃣ Safe Custody and Documentation

• Place all documents in safe custody before delivery/payment
  
  

• Maintain proper records for audits and compliance
  
  

8️⃣ Communication & Client Confidence

• Transparent communication with clients
  
  

• Immediate updates on discrepancies or potential risks
  
  

• Building long-term trust through reliability and accuracy
  
  

9️⃣ Preventive Measures

• Pre-shipment checks and client guidance
  
  

• Using reputable exporters/importers
  
  

• Proper insurance and contractual terms
  
  

🔟 Conclusion

• Banker’s vigilance and expertise directly protect client assets
  
  

• Timely action, proper documentation, and professional integrity prevent mishaps
  
  

• Banker becomes a trusted advisor, not just a transactional

My **concise 8–10 line professional version** specifically **addressed to top management**—guiding them on the **path of strategic banking**:

---

### **Guiding Principles for Top Management in Banking**

1. Always **think strategically**, anticipating client needs and market shifts.

2. **Bold and prompt decision-making** is the key to winning corporate clients.

3. **Master KYC**: know your clients thoroughly to manage risk and unlock multi-stream revenue.

4. **Balance prudence with opportunity**—profitability grows when risk is calculated.

5. **Develop operational excellence**: Turnaround Time (TAT) builds client trust and loyalty.

6. **Invest in people**: sharp, disciplined, and intelligent teams drive sustainable growth.

7. **Network strategically**: engage with top clients through professional circles and corporate events.

8. **Preserve legacy and values**: honor the bank’s history while innovating for the future.

9. **Leverage technology**: modern tools amplify efficiency and decision-making.

10. Always aim for **long-term institutional success**, not just short-term gains.

---

https://youtube.com/shorts/Dr7hQ78gRsc

When Import Documents reached at the Importing Bank, it must be Attended immediately. 

1. PROPER SCRUITNY AND MATCH WITH THE COPY OF LETTER OF CREDIT, COUNT ALL DOCUMENTS DEMANDED IN THE LETTER OF CREDIT.

AFFIXINGDATE TIME ON THE EVERY DOCUMENTS.

1. Bill of Lading

2. Bill of Exchange

3. Commercial Invoice/Invoice 

4. Packing  List

5 Weight List

6. Certificate of Origion 

7. Analysis  Certificate 

8. Blacklist  Certificate 

7. Insurance certificate 

8. Consular Certificate 

ANY OTHER DOCUMENTS IF REQUIRED IN THE LETTER OF CREDIT. 

.2. IF ARE IN ORDER  LODGE INTO PAD, WHAT IS PAD?  EVERY BANK MAINTAIN AN ACCOUNT OF " PAYMENT AGAINST DOCUMANT "

PASS FOLLOWING ENTRY

DR  MARGIN IF ANY

DR PAYMENT AGAINST DOCUMENT 

CREDIT TO EXPORTER BANK EQUIVALENT THE VALUE .

REVERSE THE LC LIABILITY VOUCHER

DR BANKER LIABILITY  AMOUNT OF LC

CREDIT  CUSTOMER LIABILITY LC AMOUNT

THE PLACE THE DOCUMENTS INTO SAFE CUSTODY . If any discrepancy is found, it must be reported immediately — and always within the reasonable period (usually 7 days).
Inform the Exporter’s Bank / Remitting Bank as follows:

“We have found the following discrepancies in the documents.
These documents are being held at your risk and responsibility,
as the importer has refused to accept them.”

If Fond any Discrepancies Corrected Professional Version

If any discrepancy is found, it must be reported immediately — and always within the reasonable period (usually 7 days).
Inform the Exporter’s Bank / Remitting Bank as follows:

“We have found the following discrepancies in the documents.
These documents are being held at your risk and responsibility,
as the importer has refused to accept them.”

⭐ Why this version is correct:

✔ Professional banking language
✔ Correct LC/Trade Finance terminology
✔ Complete meaning preserved
✔ Matches international banking standards
✔ Clear message for YouTube viewers
✔ Easy for students to understand

If you want, I can now:

👉 Prepare Short 14/152 description
👉 Prepare title + hashtags
👉 Prepare website paragraph
👉 Create a full Discrepancy Handling procedure

All Documents demanded in LC , sent or Provided by Exporter through their Banker or Directly to Importer or Importer Bank , if otherwise , in order. Payable.

1. Bill of Exchange ( Financial Democrats)

2. Bill of Lading 

3. Invoce/Commercial Invoice 

4. Certificate of Origion 

5. Certificate of Insurance 

6. Packing List 

7. Weight List

8. Blacklist Certificate 

10. Analysis Certificate 

11. Councillor Certificate 

OR ANY OTHER DOCUMENTS REQUIRED,  AS PER LC MUST BE PROVIDED BY SELLER/EXPORTER,  AS PER UCP 600 OR 625 ICC BROCHURE. 

IF those are in order, Are lodged in Accounting Head ie

PAD Payment against Documant. 

Dr say about 10000( Full) or Partial

Dr Margin if any retained as Margin at the time of LC 

Cr. to Foreign Bank ( Bank of NY) 10000$

After all proper Scruitny. 

On receipt of Full payment,  The Documents are delivered to Buyer/Importer , after proper Bank Discharge. on the reverse of BL. 

Who Am I?

I am Mukhtar Ahmed Khan, a retired banker who served in 9 different banks across Pakistan, including:

• United Bank Limited (UBL)

• Bolan Bank

• Bank Alfalah

• Bank Al Habib

• PICIC Commercial Bank

• Summit / Makramah Bank

• Askari Bank

• Bank Islami

• JS Bank

With decades of experience in operations, foreign trade, accounts, and branch management, I now share this knowledge for public benefit.

What You Will Learn Here

Banking Topics Covered:

• KYC / AML

• Account Opening (SBP Rules)

• Remittance & Swift Operations

• Letters of Credit (LC)

• Bank Guarantees / Bid Bond / Performance Bond / MG

• Documentary Requirements for Import/Export

• Branch Operations & Vault Handling

My Mission

To educate beginners, students, and junior bankers so they can:

• Build a strong banking foundation

• Understand real-life bank processes

• Avoid costly mistakes

• Grow in their careers with confidence

Quick Links

• Professional Journey (43 Years)

• Banking Education (Blog)

• Affiliate Products

• Contact Me

• Supreme Court Case Documents

Thank You for Visiting

27th # Contents

Mukhtar Ahmed Khan Sharing the All Type of the Guarantee , which is Part of Credit/Advances Portfolio/It is actually not Fund base but when Claimed received it Become Fund Base other wise it is Contingent Liability.

### **✔️ Bid Bond / Earnest Money Guarantee**

### **✔️ Performance Guarantee**

### **✔️ Mobilization Advance Guarantee**

### **✔️ Shipping Guarantee (Bonus Content)**

I am giving you **one clean Writing Block** so you can **copy and paste directly** into:

* **Page 3 (Banking Contents)**

* **Page 7**

* **Landing Page**

---

### ✅ **Full Professional Banking Content (Ready to Upload)**

```{"id":"51820","variant":"standard"}

# **BANK GUARANTEES – FULL EXPLANATION**

Bank Guarantees are written commitments issued by a bank on behalf of a customer, assuring a beneficiary that the bank will compensate for losses if the customer fails to meet obligations. These guarantees build trust in commercial contracts, tenders, imports, exports, construction, and government projects.

---

## **1. BID BOND / EARNEST MONEY GUARANTEE**

### **Definition**

A Bid Bond is a financial guarantee issued by the bank ensuring that the bidder (contractor/supplier) will honor the terms of the tender if awarded the contract.

### **Purpose**

- To assure the tendering authority that the bidder is serious and financially capable.

- To protect the employer from non-performance or withdrawal by the bidder.

### **When Required**

- Government tenders  

- Construction projects  

- Supply contracts  

- Procurement tenders

### **If Customer Fails**

The bank must pay the guaranteed amount to the beneficiary on first demand.

---

## **2. PERFORMANCE GUARANTEE**

### **Definition**

A Performance Guarantee ensures that the contractor will complete the project as per the agreed quality, terms, and timeframe.

### **Purpose**

- Protects the employer from losses due to poor performance, incomplete work, or breach of contract.

### **Where Used**

- EPC projects  

- Construction and civil works  

- Large supply contracts  

- Government infrastructure schemes  

### **Validity**

Usually from the start of work until completion certificate is issued.

---

## **3. MOBILIZATION ADVANCE GUARANTEE**

### **Definition**

Issued when the employer pays a contractor advance money to start work.  

The guarantee ensures that the contractor will utilize the funds for the project as intended.

### **Purpose**

- Secures the advance amount  

- Protects against misuse of funds  

- Ensures contractor starts work without delay

### **Key Features**

- 10% to 20% of contract value  

- Reduces as work progresses  

- Strict conditions and bank security required

---

## **4. SHIPPING GUARANTEE** *(Bonus for your site)*

### **Definition**

A Shipping Guarantee is issued by the bank in favor of the shipping company allowing the importer to take delivery of goods before arrival of the original Bill of Lading.

### **Needed When**

- Original shipping documents delayed  

- Urgent clearance required at port  

- Containers on demurrage risk  

### **Bank Liability**

Bank indemnifies the shipping line for releasing goods without original documents.

---

## **Summary Table**

| Guarantee Type | Purpose | Protects | Typical Users |

|----------------|---------|----------|----------------|

| **Bid Bond** | Ensures bidder will honor tender | Employer/Govt | Contractors, suppliers |

| **Performance Guarantee** | Ensures contract completion | Employer | Construction firms |

| **Mobilization Guarantee** | Secures advance payment | Employer | Contractors |

| **Shipping Guarantee** | Allows goods release without B/L | Shipping Line | Importers 

**These are essential trade finance instruments used across Pakistan 

* **Page 3 – Banking Contents**

* **Page 7**

Here is the **complete and correct accounting / vouching cycle**, including **recovery, margin adjustment, and commission** for a Bank Guarantee.

This is exactly how banks handle it in real practice.

---

# ✅ **1. At the Time of Issuing the Guarantee**

*(Contingent Liability Created)*

### **Entry**

**Dr – Customer Liability Against Guarantee**

**Cr – Bankers Liability Against Guarantee**

---

# ✅ **2. Margin Received From Customer (Cash Margin / Security Deposit)**

### **Entry**

**Dr – Customer Account**

**Cr – Margin on Guarantees Account**

👉 Margin is a **credit balance** because it belongs to the bank as security.

👉 It is not income; it is a liability that will be refunded later when no claim comes.

---

# ✅ **3. Commission Charged to Customer**

### **Entry**

**Dr – Customer Account**

**Cr – Commission on Guarantees (Income)**

👉 This is pure bank income.

👉 Posted to Profit & Loss (P&L).

---

# ✅ **4. If Claim is Invoked (Guarantee Enforced)**

Guarantee becomes **fund-based**.

### **Entry**

**Dr – Bankers Liability Against Guarantee**

**Cr – Customer Account / Sundry Advances / PAD**

👉 Now customer becomes liable to reimburse the bank.

---

# ✅ **5. Recovery From Customer After Claim**

### **Entry**

**Dr – Customer Account**

**Cr – Bank (Cash / Current Account / Overdraft)**

👉 Customer repays the amount the bank paid on his behalf.

---

# ✅ **6. Margin Adjustment if Claim Occurred**

If margin was kept earlier, bank uses it automatically.

### **Entry**

**Dr – Margin on Guarantees Account**

**Cr – Customer Account (or Sundry Advance)**

👉 Margin reduces the amount recoverable from the customer.

👉 Only balance amount is taken from customer.

---

# ✅ **7. When Guarantee Expires Without Claim (Safe Closure)**

*(Reverse Contingent Liability)*

### **Entry**

**Dr – Bankers Liability Against Guarantee**

**Cr – Customer Liability Against Guarantee**

---

# ✅ **8. Refund Margin to Customer (If No Claim)**

### **Entry**

**Dr – Margin on Guarantees Account**

**Cr – Customer Account**

👉 Because margin was security only, now it is released.

---

# ⭐ **Complete Flow Summary**

| Step | Description        | Debit              | Credit                    |

| ---- | ------------------ | ------------------ | ------------------------- |

| 1    | Issue Guarantee    | Customer Liability | Bankers Liability         |

| 2    | Margin Taken       | Customer           | Margin A/c                |

| 3    | Commission Charged | Customer           | Commission Income         |

| 4    | Claim Invoked      | Bankers Liability  | Customer / Sundry Advance |

| 5    | Customer Pays      | Customer           | Bank                      |

| 6    | Margin Used        | Margin             | Customer                  |

| 7    | Expiry, No Claim   | Bankers Liability  | Customer Liability        |

| 8    | Margin Refunded    | Margin             | Customer                  |

---

### 👍 Ready for writing block

If you say **“Make writing block”**, I will prepare this in a clean upload-ready format for Page 3 / Page 7 / Landing Page.

Here is the **complete and correct accounting / vouching cycle**, including **recovery, margin adjustment, and commission** for a Bank Guarantee.

This is exactly how banks handle it in real practice.

---

# ✅ **1. At the Time of Issuing the Guarantee**

*(Contingent Liability Created)*

### **Entry**

**Dr – Customer Liability Against Guarantee**

**Cr – Bankers Liability Against Guarantee**

---

# ✅ **2. Margin Received From Customer (Cash Margin / Security Deposit)**

### **Entry**

**Dr – Customer Account**

**Cr – Margin on Guarantees Account**

👉 Margin is a **credit balance** because it belongs to the bank as security.

👉 It is not income; it is a liability that will be refunded later when no claim comes.

---

# ✅ **3. Commission Charged to Customer**

### **Entry**

**Dr – Customer Account**

**Cr – Commission on Guarantees (Income)**

👉 This is pure bank income.

👉 Posted to Profit & Loss (P&L).

---

# ✅ **4. If Claim is Invoked (Guarantee Enforced)**

Guarantee becomes **fund-based**.

### **Entry**

**Dr – Bankers Liability Against Guarantee**

**Cr – Customer Account / Sundry Advances / PAD**

👉 Now customer becomes liable to reimburse the bank.

---

# ✅ **5. Recovery From Customer After Claim**

### **Entry**

**Dr – Customer Account**

**Cr – Bank (Cash / Current Account / Overdraft)**

👉 Customer repays the amount the bank paid on his behalf.

---

# ✅ **6. Margin Adjustment if Claim Occurred**

If margin was kept earlier, bank uses it automatically.

### **Entry**

**Dr – Margin on Guarantees Account**

**Cr – Customer Account (or Sundry Advance)**

👉 Margin reduces the amount recoverable from the customer.

👉 Only balance amount is taken from customer.

---

# ✅ **7. When Guarantee Expires Without Claim (Safe Closure)**

*(Reverse Contingent Liability)*

### **Entry**

**Dr – Bankers Liability Against Guarantee**

**Cr – Customer Liability Against Guarantee**

---

# ✅ **8. Refund Margin to Customer (If No Claim)**

### **Entry**

**Dr – Margin on Guarantees Account**

**Cr – Customer Account**

👉 Because margin was security only, now it is released.

---

# ⭐ **Complete Flow Summary**

| Step | Description        | Debit              | Credit                    |

| ---- | ------------------ | ------------------ | ------------------------- |

| 1    | Issue Guarantee    | Customer Liability | Bankers Liability         |

| 2    | Margin Taken       | Customer           | Margin A/c                |

| 3    | Commission Charged | Customer           | Commission Income         |

| 4    | Claim Invoked      | Bankers Liability  | Customer / Sundry Advance |

| 5    | Customer Pays      | Customer           | Bank                      |

| 6    | Margin Used        | Margin             | Customer                  |

| 7    | Expiry, No Claim   | Bankers Liability  | Customer Liability        |

| 8    | Margin Refunded    | Margin             | Customer                  |

Here is the **ready-to-publish Bank Account Opening article** for **Page 3**, fully structured, SEO-friendly, and enriched with your 43 years of banking experience. You can upload it directly.

---

# 🟦 **BANK ACCOUNT OPENING – COMPLETE GUIDE**

**Meta Title:** Bank Account Opening in Pakistan – Types, Documents & Procedure

**Meta Description:** Learn how to open a bank account in Pakistan, required documents, types of accounts, KYC compliance, risk rating, and banker tips from 43 years of professional experience.

---

## **1. Definition (Simple Explanation)**

Bank Account Opening is the **process by which a customer establishes an account with a bank** to deposit, withdraw, and transfer money.

It is the **first step** before using any banking services like deposits, remittances, or loans.

---

## **2. Types of Bank Accounts**

### **2.1 Current Account**

* Primarily for **businesses and companies**

* Offers **unlimited transactions**

* Usually **non-profit bearing**

### **2.2 Savings Account**

* For **individuals and families**

* Provides **profit on deposits** under PLS (Profit & Loss Sharing)

* Minimum balance depends on the bank

### **2.3 Term Deposit / Fixed Deposit Account**

* Money deposited for a **fixed period**

* Higher **profit rates than savings accounts**

* Premature withdrawal may reduce profit

### **2.4 Special Accounts**

* Students, minors, senior citizens, or NPOs (Non-Profit Organizations)

---

## **3. Required Documents**

1. **CNIC / NICOP / Passport** (original + copy)

2. **Photographs** (recent passport size)

3. **Proof of Address** (Utility bill / rent agreement / passport)

4. **Initial Deposit** (minimum balance per bank policy)

5. **Business Documents** (for Current Account: NTN certificate, partnership deed, board resolution)

---

## **4. KYC & Risk Rating**

* Banks must **verify customer identity** under **Anti-Money Laundering (AML) regulations**

* **Risk rating:**

  * Low-risk: Regular individuals

  * Medium-risk: High-value accounts, companies

  * High-risk: Politically Exposed Persons (PEPs), foreign entities

---

## **5. Bank Account Opening Procedure (Step-by-Step)**

### **Step 1:** Customer submits account opening form with documents

### **Step 2:** Bank verifies identity & documents

### **Step 3:** Risk rating & KYC compliance check

### **Step 4:** Bank approves and opens account

### **Step 5:** Account number and welcome kit issued (cheque book, passbook, debit card)

### **Step 6:** Initial deposit credited; account is now active

---

## **6. Banker Tips from 43 Years of Experience**

* Always **verify the spelling** of customer name exactly as per CNIC

* For minors, **guardian’s CNIC and consent** is mandatory

* Advise customers to **keep account details confidential**

* Recommend **digital banking registration** for easy access

* Keep **records of account opening forms

 Bank Account Opening article** for **Page 3**, fully structured, SEO-friendly, and enriched with your 43 years of banking experience. You can upload it directly

# 🟦 **BANK ACCOUNT OPENING – COMPLETE GUIDE**

**Meta Title:** Bank Account Opening in Pakistan – Types, Documents & Procedure

**Meta Description:** Learn how to open a bank account in Pakistan, required documents, types of accounts, KYC compliance, risk rating, and banker tips from 43 years of professional experience

## **1. Definition (Simple Explanation)**

Bank Account Opening is the **process by which a customer establishes an account with a bank** to deposit, withdraw, and transfer money.

It is the **first step** before using any banking services like deposits, remittances, or loans.

## **2. Types of Bank Accounts**

### **2.1 Current Account**

* Primarily for **businesses and companies**

* Offers **unlimited transactions**

* Usually **non-profit bearing**

### **2.2 Savings Account**

* For **individuals and families**

* Provides **profit on deposits** under PLS (Profit & Loss Sharing)

* Minimum balance depends on the bank

### **2.3 Term Deposit / Fixed Deposit Account**

* Money deposited for a **fixed period**

* Higher **profit rates than savings accounts**

* Premature withdrawal may reduce profit

### **2.4 Special Accounts**

* Students, minors, senior citizens, or NPOs (Non-Profit Organizations)

---

## **3. Required Documents**

1. **CNIC / NICOP / Passport** (original + copy)

2. **Photographs** (recent passport size)

3. **Proof of Address** (Utility bill / rent agreement / passport)

4. **Initial Deposit** (minimum balance per bank policy)

5. **Business Documents** (for Current Account: NTN certificate, partnership deed, board resolution)

---

## **4. KYC & Risk Rating**

* Banks must **verify customer identity** under **Anti-Money Laundering (AML) regulations**

* **Risk rating:**

  * Low-risk: Regular individuals

  * Medium-risk: High-value accounts, companies

  * High-risk: Politically Exposed Persons (PEPs), foreign entities

---

## **5. Bank Account Opening Procedure (Step-by-Step)**

### **Step 1:** Customer submits account opening form with documents

### **Step 2:** Bank verifies identity & documents

### **Step 3:** Risk rating & KYC compliance check

### **Step 4:** Bank approves and opens account

### **Step 5:** Account number and welcome kit issued (cheque book, passbook, debit card)

### **Step 6:** Initial deposit credited; account is now active

---

## **6. Banker Tips from 43 Years of Experience**

* Always **verify the spelling** of customer name exactly as per CNIC

* For minors, **guardian’s CNIC and consent** is mandatory

* Advise customers to **keep account details confidential**

* Recommend **digital banking registration** for easy access

* Keep **records of account opening forms** for audit and compliance

---

 **Foreign Remittance (Outward & Inward)** — all written in *ready-to-publish* format for perfect website article structure**, exactly like the Outward Remittance article you approved.

# **PHASE-2 CONTENT – To Upload on Page 3**

### **(1) Inland Remittance – Complete Guide**

### **(2) Foreign Remittance – Complete Guide (Inward + Outward in short form)**

---

# 🟦 **INLAND REMITTANCE – COMPLETE GUIDE**

**Meta Title:** Inland Remittance – Meaning, Types & Bank Procedure in Pakistan

**Meta Description:** Learn what inland remittance is, its main types, required documents, banking procedure, and practical examples from 43 years of banking experience.

---

## **1. Definition (Simple Explanation)**

Inland Remittance means **sending money from one city of Pakistan to another**, within the country.

It does **not** involve any foreign currency or SBP approval.

---

## **2. Purpose of Inland Remittance**

Customers use inland remittance for:

* Sending money to family within Pakistan

* Bill payments or business payments

* Cash transfers between their own accounts

* Urgent fund transfers to different branches/cities

* Collection of payments from customers or clients

---

## **3. Main Types of Inland Remittance**

### **3.1 MT – Mail Transfer**

* Bank sends a letter to another branch instructing payment to a beneficiary.

* Slow method; used rarely now.

### **3.2 TT – Telegraphic/Telex Transfer**

* Funds sent through telex/telecom messaging system.

* Faster than MT.

### **3.3 DD – Demand Draft**

* A negotiable bank instrument payable at any branch of the issuing bank.

* Very safe; commonly used by students, suppliers, and companies.

### **3.4 PO – Pay Order**

* Payable within *the same city*.

* Used for fees, government payments, utility payments, tender fees.

### **3.5 Online/IBFT/RTGS Transfers**

Modern systems include:

* IBFT (Inter-Bank Funds Transfer)

* RTGS – Real-Time Gross Settlement

* Digital App Transfers (mobile banking)

---

## **4. Documents Required**

* CNIC (original + copy)

* Filled Remittance Request Form

* Beneficiary details (name, bank, branch, account number)

* Purpose of payment (mandatory)

---

## **5. Bank Procedure Step-by-Step**

### **Step 1:** Customer fills form and submits amount.

### **Step 2:** Bank verifies identity & purpose.

### **Step 3:** Bank issues receipt (DD, PO, MT, TT or online confirmation).

### **Step 4:** Bank sends message/instruction to paying branch.

### **Step 5:** Beneficiary receives payment from his branch.

### **Step 6:** Bank files documents for record & compliance.

## **6. Banker Tips (From 43 Years Experience)**

* Always **check name spelling carefully** on DD/PO.

* For urgent payments, recommend **TT or IBFT**.

* Never accept cash for high-value transfers without proper CNIC verification.

* Keep a copy of the **remittance receipt** and **transaction number**.

# 🟦 **FOREIGN REMITTANCE – COMPLETE GUIDE**

**Meta Title:** Foreign Remittances – Inward & Outward Procedures

**Meta Description:** Learn inward vs outward remittance, documents, purpose categories, SBP rules, banking procedure, and compliance checks.

## **1. Definition (Simple Overview)**

Foreign Remittance means **sending or receiving money between Pakistan and another country**.

Foreign remittances are of two types:

1. **Inward Remittance** – Money received *into Pakistan*.

2. **Outward Remittance** – Money sent *from Pakistan to abroad*.

(You already have detailed Outward Remittance content separately.)

---

# **A. INWARD REMITTANCE**

## **1. Definition**

Inward Remittance means **receiving money in Pakistan** from another country, usually in USD, GBP, EUR, SAR, AED, etc.

---

## **2. Common Purposes**

* Salary from abroad

* Family maintenance

* Export proceeds

* Freelancing income

* Foreign pension

* Overseas Pakistani remittances

* International donations

## **3. Types of Inward Remittances**

### **3.1 MT103 / Wire Transfer**

Most common bank-to-bank remittance through SWIFT.

### **3.2 Western Union, MoneyGram, Ria, Xpress Money**

Cash payout through authorized agents.

### **3.3 Nostro Account Credits**

Used for large corporate payments.

---

## **4. Documents Required**

* CNIC / NICOP

* Beneficiary bank account details

* Sender’s name & country

* Purpose of remittance

* SWIFT copy (optional but useful)

## **5. Bank Procedure (Step-by-Step)**

### **Step 1:** Overseas bank sends SWIFT MT103 to Pakistani bank.

### **Step 2:** Pakistani bank’s Treasury/Nostro verifies funds.

### **Step 3:** Branch receives credit advice.

### **Step 4:** Bank pays customer in PKR at official exchange rate.

### **Step 5:** Compliance records all details.

---

## **6. Banker Tips**

* Always give **exact IBAN** to sender.

* Ensure sender writes **correct SWIFT code**.

* For faster credit, verify with branch that the SWIFT has arrived.

---

# **B. OUTWARD REMITTANCE (Short Version)**

(Your **full detailed version** is already ready and published.)

## **Short Summary**

Outward Remittance = Sending money **from Pakistan to abroad** for the following Purpose

* Education

* Family support

* Medical

* Imports

* Consultancy, IT services

* Visa & immigration fee

Banks follow **SBP Foreign Exchange Manual**, Chapter 14.

---

pub-9351747510972322

Dear Sir/Madam,

**Banking Educational Platform — Mukhtar Ahmed Khan**  

All banking insights are written and reviewed by **Mukhtar Ahmed Khan**, based on **43 years of practical experience** with **9 leading banks of Pakistan**.

All educational materials are **free for learners**.  

Your support through **watching videos** or **visiting affiliate links** helps sustain this **Public Banking Education Project**.

 **Learn Trade Finance — Pakistan**  

 YouTube: [youtube.com/c/MukhtarAhmedKhan](https://youtube.com/c/MukhtarAhmedKhan)  

 Website: [mukhtarblogging.com](https://sites.google.com/view/mukhtarblogging/1-home-page)

Thank you for your interest and support.  

Best regards,  

**Mukhtar Ahmed Khan** 

 Memory of Banker Blessed by Almighty God ( In Chinese Langguage)

Mukhtar Khan

·

**一位银行家的记忆，蒙真主安拉的恩泽**

承蒙真主安拉的恩典，我拥有惊人的记忆力，至今仍能清晰地回忆起我43年银行生涯中的每一个细节——从最简单的定义到最复杂的金融工具。

即使到了今天，我依然能像昨天才学过一样，清晰地解释诸如**货币篮子、过期提单、第二抵押、同等受偿、质押、质押和开放式质押**等术语的专业含义。这些概念并非只是教科书上的文字，而是我银行生涯中鲜活的现实。

上世纪八九十年代，我曾在多家银行任职，有幸与**加达尼拆船业**等行业合作。他们的账户通常采用开放式质押融资，在拆船厂随处可见标有**“UBL质押”**的大型告示牌——这无疑是信任和信誉的象征。

在巴基斯坦国家银行员工培训学院的授课期间，我深入讲授了信用证、可撤销信用证和不可撤销信用证、备用信用证和循环信用证、红条款信用证和绿条款信用证以及出口融资方案（FAP-EI）等课程。我至今仍清晰地记得，当我在白板上写下“什么是信用证？”时，学员们鼓掌并敲击桌面表示赞赏。那一刻，我并非出于骄傲，而是出于对真主的感恩，感谢他赐予我与他人分享知识的能力。

多年来，我意识到真正的知识永不褪色。即使几十年过去，每一个公式、流程和银行术语仍然清晰地印在我的脑海中——这证明，只要你真心实意地服务，真主就会永远保佑你的学识。

本网站和我的YouTube讲座旨在帮助所有希望从实践经验而非仅仅理论学习银行业务的人们。 愿真主保佑我这份将知识传承给下一代的微薄努力。

——穆赫塔尔·艾哈迈德·汗

退休副总裁/区域经理

曾任职于9家银行（1974–2017）

Dear Sir/Madam,

**Banking Educational Platform — Mukhtar Ahmed Khan**  

All banking insights are written and reviewed by **Mukhtar Ahmed Khan**, based on **43 years of practical experience** with **9 leading banks of Pakistan**.

All educational materials are **free for learners**.  

Your support through **watching videos** or **visiting affiliate links** helps sustain this **Public Banking Education Project**.

 **Learn Trade Finance — Pakistan**  

 YouTube: [youtube.com/c/MukhtarAhmedKhan](https://youtube.com/c/MukhtarAhmedKhan)  

 Website: [mukhtarblogging.com](https://sites.google.com/view/mukhtarblogging/1-home-page)

Thank you for your interest and support.  

Best regards,  

**Mukhtar Ahmed Khan** 

https://youtube.com/shorts/RJqs8xIuGYg     Short 1/96 Session

https://youtube.com/shorts/RJqs8xIuGYg     Short 1/96 Session

Hello my dear friends and viewers!  Good Morning & Assalam o Alaykum

I am your host, **Mukhtar Ahmed Khan**, presenting a short lecture about my banking website, created to educate you on **International Trade and Banking**, including **Import, Export, Remittances, Shipping Guarantees**, and many related topics.

About 2–3 months ago, I successfully launched my **16-page website**, which is now being viewed all over the world.

I advise all of you to stay connected with my website to learn practical banking based on my **43 years of experience** in the banking sector. During my career, I introduced millions of rupees in business and deposits for various banks, and I served as **Operations Manager, Manager Import, Branch Manager, and Vice President**.

My association with the following banks:

1. **UBL** – 23 years (1974–1997), including 8 years posted in Islamabad

2. **Bolan Bank Ltd** – 3 years

3. **Bank Alfalah Ltd** – 3 years

4. **Bank Al Habib Ltd** – 1 year

5. **PICIC Commercial Bank** – 4 years

6. **Bank Islami Ltd** – 1 year

7. **Arif Habib / Summit Bank** – 3 years (Vice President)

8. **Askari Bank Ltd** – 1 year 2 months

9. **JS Bank Ltd** – 3 years

I have given almost **30 years** to Operations and Branch Management. Along with operational excellence, I focused deeply on **Customer Service and Marketing**. In December 2013, I procured **788 million rupees in Time Deposits** for UBL—my former parent bank.

In earlier days, no officer was allowed to work in the Foreign Exchange Department without proper **Basic Training and Foreign Exchange Training**. Only trained officers with **Power of Attorney** could handle documents.

Therefore, I completed the required training and obtained the Power of Attorney.

After 13 years of hard work and promotions, I was selected for **6 months of training** (3 months Basic Course + 3 months Foreign Exchange Course).

Alhamdulillah, I cleared my Basic Course with **3rd Position**, and successfully passed the Foreign Exchange Course with **7th Position** in 1988.

As all viewers know, my **YouTube channel and website** have both recently been approved by Google and are visible worldwide.

Therefore, I request you to stay connected with my website and YouTube channel to **learn International Trade** and become capable of working confidently in any Foreign Exchange Department.

To achieve a successful and rewarding banking career, learn all the principles shared.

I once again request everyone to visit my complete **16-page website**, gain the knowledge, and kindly **share this video** with others. Your support helps me earn some passive income.

Thank you and best regards. 

* search “KYC meaning”

* search “AML procedure”

* search “Shipping Guarantee steps”

* search “Import documents required”

* search “Bank Guarantee types”

And **Google will take them directly to your website** — because:

###  Your topics match their need

###  Your explanations will be simple

###  Your experience is real

###  Your content will be unique

###  Your pages will be properly indexed

This is how real learners find real teachers.

You don’t have to run behind anyone.

**The student will come to the ustad.**

Because the student needs the knowledge more than the ustad needs the viewer.

---

#  **Your Website Will Become a Knowledge Bank**

Once your 22 articles are published:

* A KYC student will come for KYC

* A Trade student will come for Import/Export

* A Treasury student will come for Guarantees

* A fresh banker will come for Account Opening

* A compliance officer will come for AML & FATF

InshaAllah, the right people will find you.

---

#  **Your Strategy is 100% Correct**

You have chosen the **highest-quality growth method**:

###  Write authentic content

###  Let real learners search

###  Let Google bring them

###  Let genuine traffic build slowly

###  Never chase short-term visitors

###  Build a 50-year banking legacy

This is digital success.

And this is how real respect is earned.

--- 

**A Banker’s Memory Blessed by Allah**

By the grace of Almighty Allah, I have been blessed with a remarkable memory that still recalls the finest details of my 43-year banking career — from the simplest definitions to the most complex financial instruments.

Even today, I can explain the technical meanings of terms like **Currency Basket, Stale Bill of Lading, Second Charge, Pari Passu, Hypothecation, Pledge, and Open Pledge**, as if I had just studied them yesterday. These concepts were not just words in textbooks; they were living realities in my banking journey.  

In the 1980s and 1990s, when I was serving in various banks, I had the honor of working with industries like the **ship-breaking sector at Gaddani**. Their accounts were often financed under *Open Pledge* arrangements, and one could see large boards displayed at the yards marked **“UBL Pledge”** — a clear sign of trust and credibility.  

During my lectures at the **State Bank of Pakistan Staff Training College**, I delivered in-depth sessions on subjects such as **Letters of Credit, Revocable and Irrevocable LCs, Standby and Revolving Credits, Red Clause and Green Clause LCs**, and **Export Re-Finance Schemes (FAP-EI)**. I vividly remember the moment when, as I wrote on the whiteboard — “What is a Letter of Credit?” — the participants applauded and tapped their desks in appreciation. Those moments were not of pride but of *thankfulness* to Allah for granting me the ability to share knowledge with others.  

Over the years, I have realized that true knowledge never fades. Even after decades, every formula, procedure, and banking term still echoes in my mind — proof that when one serves sincerely, Allah preserves that learning forever.  

This website and my YouTube lectures are dedicated to all those who wish to learn **real-world banking from experience** — not from theory alone. May Allah bless this humble effort to pass knowledge to the next generation.  

**— Mukhtar Ahmed Khan**  

Retired Vice President / Area Manager  

Served across 9 Banks (1974–2017)

``` 

https://youtube.com/shorts/RJqs8xIuGYg

Article 24 

My 43 years Journey

My words express the deep pain and wisdom of a lifelong educator — someone who has *offered 43 years of knowledge to the world*, yet sees that many people prefer ease over effort.

### ** ( Website or Video Intro https://site.google.com/view/mukhtarblogging/my-landing-page)** youtube.com/c/MukhtarAhmedKhan

“I have spread knowledge on the world’s canvas — vast, open, and free.

Yet people walk past the treasures of wisdom, unwilling to dig and discover.

Those who search will find millions of pearls hidden in learning,

but those who sleep will miss the light forever.”

— *Mukhtar Ahmed Khan 

ARTICLE 23

                               WHAT IS MONEY

By putting **“Life needs money; Money needs due care like life”** as an article on your **Home Page**, you:

* Give **immediate value and wisdom** to every visitor

* Show your **philosophy and professionalism** in banking

* Set the tone that your website is **not just technical, but life-guiding**

* Attract **serious learners and thoughtful readers**

---

### ✅ **Next Steps for Maximum Impact**

1. Make sure the article has:

   * Clear **heading**

   * 2–3 short **paragraphs**

   * Easy readability for all users

2. Optional: Add a **small personal note**:

> “These are lessons I learned in 43 years of banking experience.”

3. Share the Home Page link in your **Facebook / Gmail / Twitter / Instagram** shares — this will draw **curious learners and professionals**.

My Challenge to the Banking and Financial Sector, worldwide,to show record like mine, who worked across 9 Banks in 43 years, started from Clerk to Vice President/Area Manager !! if any. 1974-2017 May discover me and my Teaching to all Community Free, if they want to Learn !!

“Learn real-world international trade and banking from a 43-year veteran of Pakistan’s banking industry. Free education for global learners!”

  > 🔹 youtube.com/c/MukhtarAhmedKhan

  > 🔹 [https://sites.google.com/view/mukhtarblogging/1-home-page

I am **Mukhtar Ahmed Khan**, a professional banker with 43 years of service (1974–2016) in **9 major banks of Pakistan**. Through this platform, I share my banking knowledge, personal journey, and educational insights in **trade finance and banking operations**.

### **Call-to-Action (Buttons)**

 **[Read My Professional Journey]**

 **[Explore Banking Articles]**

 **[View My Pictures & Documents]**

 **Why Visit This Website? (3 Columns with Icons)**

 **Educational Articles** → Trade Finance, Foreign Exchange, Banking Operations.

 **Authentic Story** → My personal career history, challenges & achievements.

 **Rare Documents** → Original certificates, awards, and banking records.

 **Featured Pages Section (Grid style)**

*  **Latest Articles** (Link to Page 7)

*  **My Journey (1974–1997)** (Link to Page 12)

*  **Pictures & Documents** (Link to Page 9)

“In 43 years of service, my principles were **Punctuality, Honesty, and Steadiness**.

> This website is my way of passing knowledge to future generations.”

 **Follow me on Social Media:** [Twitter] [LinkedIn] [YouTube] [Facebook]

--- 

"All banking insights are written and reviewed by Mukhtar Ahmed Khan, based on 43 years of Practical Experience with 9 Leading Banks of Pakistan" 

All educational materiel is Free For Learner support through Watching videos or visiting affiliate Links helps sustain this Public Banking Education Project.   youtube.com/c/MukhtarAhmedkhan  

  https://sites.google.com/view/mukhtarblogging/1-home-page

 WHAT IS MONEY

This is a profound principle that applies both to **life and banking**:

### **1. Life needs money**

* Money is essential for **survival, family, and responsibilities**

* It allows education, health, comfort, and security

* Without money, life becomes **difficult, unstable, and stressful**

### **2. Money needs due care**

* Just like life needs careful management, **money also requires prudence**

* Mismanagement can **destroy wealth, reputation, and stability**

* Careless lending, spending, or handling in banking can cause **losses or legal problems**

## **3. Parallel with Banking**

* Life = your responsibilities and family

* Money = the bank’s assets or customers’ funds

* **Both require caution, planning, and wisdom**

* **Prudence** ensures both life and money grow safely

### **4. Key Takeaway**

> “Life needs money, and money needs due care like life.”

* Every banker should understand this principle

* Every financial decision must balance **risk, care, and prudence**

* This is the **foundation of ethical and professional banking**

---

G-Y8WCVKB0BJ

"Mukhtar Ahmed Khan conducting banking training session for students">

Mukhtar Ahmed Khan - 43 years Banking Experience, Sharing professional Banking knowledge,Training and real case studies for Students and Banker. 

As a Freelancer I am 

**“Exporting 43 Years of Banking Expertise from Pakistan to the World. Professional Knowledge, Real Experience — Delivered Globally.

Perfect, Mukhtar 👍 Let’s prepare a **well-structured, professional description** for your vid

# **TRAVEL OF LETTER OF CREDIT**

Here’s a polished version you can **upload on YouTube** *and also paste on your website (Page 3 and 7)*:

---

## **TRAVEL OF LETTER OF CREDIT**

**Introduction**

The Letter of Credit (L/C) is one of the most important instruments in international trade. It ensures secure payments between exporters and importers, bridging trust between two parties who may be thousands of miles apart.

**Journey of the Letter of Credit**

1. **Importer’s Request** – The importer approaches their bank to issue an L/C in favor of the exporter.

2. **Issuing Bank** – The importer’s bank issues the L/C and forwards it to the exporter’s bank.

3. **Advising Bank** – The exporter’s bank verifies and advises the L/C to the exporter.

4. **Exporter’s Shipment** – After shipment of goods, the exporter submits documents to their bank.

5. **Document Flow** – The documents travel from the exporter’s bank to the issuing bank for verification.

6. **Payment Settlement** – Once verified, payment is released to the exporter, and documents are handed to the importer for clearing goods.

**Key Benefits of L/C**

* Provides security to both exporter and importer.

* Ensures timely payment upon fulfillment of terms.

* Reduces risk of fraud and default.

* Supports smooth international trade transactions.

**Conclusion**

The Letter of Credit acts as a backbone of global trade, making cross-border transactions smooth and reliable. Every step in its travel—from issuance to payment—is designed to safeguard the interests of both buyer and seller.

📌 **Author:** Mukhtar Ahmed Khan

📌 **Banking Career:** 43 years of service in 9 leading banks

📌 **Website:** [www.mukhtarblogging.com](https://www.mukhtarblogging.com)

📌 **YouTube Channel:** Banking Learning Chann

G-5TX6M9RBM9      9351747510972322.

Welcome to Mukhtarblogging - Your Trusted for Banking Education, Health, Guidance and Students Learning Resource.  

"All banking insights are written and reviewed by Mukhtar Ahmed Khan, based on 43 years of Practical Experience with 9 Leading Banks of Pakistan" 

All educational material is Free For Learner support through Watching videos or visiting affiliate Links helps sustain this Public Banking Education Project.

LEARN TRADE FINANCE PAKISTAN  

**Basic Banking Procedures – Key Steps for Every Banker**

Before assisting any customer, a banker must follow these six fundamental steps:

1. **AML (Anti-Money Laundering)** – Ensure all transactions comply with legal requirements.

2. **KYC (Know Your Customer)** – Verify the customer’s identity and background.

3. **Current Account** – Open and manage accounts for frequent transactions.

4. **Saving Account** – Provide secure accounts for customers to save money with interest.

5. **TDR (Term Deposit Receipt)** – Facilitate fixed-term deposits with guaranteed returns.

6. **Customer Service Excellence** – Serve every customer professionally and courteously.

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MY REACHED TO THESE COUNTRY THROUGH MY YT CHANNEL.

My you tube channel is watched in many Countries . Below is the list countries and the strength of Viewers Around The World to educate the people about Professional Banking Studies,The Principal of International Trade and and Finance Business/Import /Export/bank Guarantee /Bid Bond/Shipping Guarantee/Mobilization Guarantee/Creating Charge/ Mortgage/Clean Over Draft/Secured Over Draft/Cash Credit/Credit Line Proposals/Consumer Loan/Car Financing at.

LIST of Viewers Around World 

Pakistan, views  45834, India Views  7289, United States, views1278, Russia Views,  669, United Kingdom  509

Uzbekistan , views 444, Germany  297.  France, views 273           

Spain,views  257,  Canada, views 247, Indonesia views 213

Vietnam 206,  Japan 120,  Ukraine views, 119

South Korea, views 109, Singapore, view,  93

Brazil views 90 , Bangladesh views= 79

Italy , views=76, United Arab Emirates views  73

Israel, views = 73,  Malaysia, views= 72 Australia, Views= 48

Netherlands  , view =37  Belarus, view= 32

Kyrgyzstan views =27,  China= 24,  Saudi Arabia = 24

Romania, views = 22  , Poland view = 20,  Armenia, Views= 13

Kazakhstan Views=13,  Tajikistan views=13

Myanmar (Burma) view=12 , Moldove, views=11

Mexico, views=11 ,South Africa views= 11,  Egypt ,Views=10

Iraq , views =10

As per YT Analytic youtube.com/c/MukhtarAhmedKhan

Trade Finance Education | Banking Career Pakistan | Professional Banker Journey

#TradeFinanceEducation #Banking #PakistanBanking

🌟 My Banking Journey after 1974

After receiving kind encouragement from Mr. Rafique Saigol, the Chairman of PIA, I took his words to heart: “A bright future awaits you in banking.” With his blessing and my father’s silent prayers, I set out on a path that would define my professional identity for the next 43 years.

🏦 My First Step: UBL Appointment

On24th May 1974, I joined United Bank Limited (UBL). My appointment letter, offering a basic pay of Rs. 135, felt like a treasure. With limited resources but unlimited motivation, I was ready to prove my worth. I began at the Main Branch, Jubilee Insurance Building, Karachi, as a humble Clerk/Assistanr, absorbing everything I could.

📘 Early Recognition & Training

Hard work never goes unnoticed. after April 1974, Manager/Vice President Zonal Head,Mr.Hassan Imam was there, reported to him, then he sent me Branch Administration Dept for further posting, they tested me about my capability as I was involved in the last 2 years in the POW Camp India fortunately connected all Clerical Jobs Preparation of List of people other work, as per satisfaction the Admin Head Mr Sadiq post me to ADVANCES Department among 25 other Staff that Dept. headed by Manager, Iqbal Zubairee (OGI) he was reporting to Branch head Mr,Hassan Imam, the main has about 450 Staff member , as it was Back Bone of UBL directly controlled by HO All Vostro Account/Foreign Currency Accounts were maintained there.

1975, I got On 4th July 1975, I was married through an arranged proposal lovingly organized by my mother — one of the happiest and most memorable days of my life.

1977 I was upgrade from Clerk to Assistant as Government of Pakistan as it was a Nationalized bank and Running under Ministry of Finance.

1974-1987 I had been discharging all my responsibilities very well and evry year I was gaining small yearly increamnt from (135 basic= Gross 380/- to 3500) at the time of my first Promotion I reached to Gross Salary of Rs 9000/. 

1988, I was selected for a six-month in-house training program at UBL Staff College Karachi. Out of 33 officers, I proudly stood 3rd, with 2 distinctions. This recognition gave me confidence — I wasn’t just learning banking, I was becoming a banker.

🏅 National-Level Courses

Later, I was chosen for an elite Foreign Exchange Training Course, where I secured 8th position out of 48 officers from all over Pakistan. This solidified my expertise and placed me in the circle of dependable officers across the country.

1990  I was transferred willingly to ISLAMABAD reported to Circle Office Mr. Bukhari was Circle Chief Islamabad , he sent me to Zonal office, they post me to Gujjar khan, after few months the Transfer order was withdrawn on my request.

Then I come to Islamabad with the approval  of new Circle Chief, Mallik Munir as Drected by Mr. Ikramullah Mir, S.E.V.P. and HR Head HO Karachi the I stayed and work in Civic Center/F-* Branch till 1997 May till my Retrenchment.

After serving United Bank Limited with dedication for over two decades, and receiving my second promotion as Officer Grade II in 1995, I could never have imagined what would unfold just two years later. On the morning of 12th October 1997, around 9:00 a.m., thousands(5416) of loyal officers like myself entered our respective branches as usual — unaware that it would be our last day. Without any prior notice or warning, we were abruptly handed retrenchment letters. The shock was unbearable. The very bank to which we had given the best years of our lives had discarded us without recognition, farewell, or compensation. A total of 5,416 officers were terminated that morning, many collapsing in disbelief. For me, it marked the beginning of a painful chapter — emotionally, financially, and medically — but I continued my journey, supported only by faith and determination.

On **12th October 1997**, a total of **5,416 officers of United Bank Limited** were abruptly retrenched across Pakistan and abroad. This mass retrenchment took place at **9:00 AM**, the very moment officers reported to their respective branches. Each officer’s attendance was duly marked **“P” (Present)** in the branch register. Immediately thereafter, the Branch Managers called them into their chambers, formally opened sealed envelopes in their presence, and handed over retrenchment orders.

The same action was simultaneously carried out in **all 1,760 UBL branches across Pakistan** as well as in **overseas branches/offices in the United Kingdom, New York, Japan, and the United Arab Emirates**, where UBL was operating at the time.

This unprecedented act, executed without prior notice or due process, amounted to **professional man-slaughter** and constituted a grave violation of the **fundamental rights guaranteed under the Constitution of Pakistan**.

The **Supreme Court of Pakistan**, through its **Full Bench Judgments in 2018 and 2023**, has categorically held that **all retrenched officers are entitled to pension**, irrespective of whether they had opted for Provident Fund or Pension.

I personally witnessed and experienced this cruel action. I had been **recently transferred from UBL F-8 Branch, Islamabad, to Karachi**, where I had just taken up my new posting at the **Sadar Vault Branch, Abdullah Haroon Road**. It was at this very branch that the entire incident unfolded before my eyes.

---

💼 Transfers, Responsibilities & Trust

From Nooriabad to Korangi to SITE, I was entrusted with huge responsibilities. At Nooriabad Branch, I personally transported millions of rupees in cash to factories like:

• Sanaulla Textile
  
  

• Babar Metal
  
  

• Pakistan Aluminium
  
  

Without any security or escort, I managed large cash deliveries with only Allah’s protection — and He never let harm touch me.

Clients followed me wherever I went. I earned not just promotions but also unshakable trust.

🎖️ Special Achievements

• In 1993, I received a cash award of Rs. 50,000 for passing the Banking Diploma (DAIBP) — a rare recognition at the time.
  
  

• By 1997, I had reached the rank of Officer Grade II, a steady rise through merit, not favoritism.
  
  

💔 Retrenchment in 1997

On 12th October 1997, tragedy struck. I was forcibly retrenched from UBL along with 5,416 officers. After 23 years of loyal service, I received no pension, no future plan — just a letter PO of Rs.548696/

Emotionally devastated and financially shaken, I still didn’t give up.

🙏 Starting Again: Bolan Bank & Beyond

In February 1998, I joined Bolan Bank as Officer Grade III — one rank below my previous — on a salary of Rs. 3,950, just 25% of my last drawn pay.

This struggle caused severe stress,of Retrenchment leaded me  towards  Acute Renal Failure (ARF) — but I survived. Cured by God in the Karachi Kidney Center discharged in January but recovery Period was about 6 months.

Over the next 19 years, I served 9 different banks, always punctual, honest, and steady:

• UBL                                   1974-1997
  
  

• Bolan Bank                       1998-2001

• Bank Alfalah                       2001- 2003
  
  

• Bank Al Habib                     2004-2005
  
  

• PICIC Commercial Bank     2005- 2007
  
  

• Bank Islamic                       2007-2008      

• Summit Bank (Makramah Bank) 2008-20011

• Askari Bank Ltd                2011- 2013 

• JS Bank                              2014-2016
  
  

🙌 Legacy

The Currency Basket in the Money Market 

# Hot Currencies and the Money Market Basket

### 🔹 Introduction

In global finance, not all currencies carry the same influence. Only a handful are considered **“Hot Currencies”** — the tightly traded, high-liquidity currencies that actually **drive the money market*

### 🔹 Historical Context — Before the Euro

In earlier decades, Europe had several important hot currencies that played a major role in "The Global Money Markets:

* **DEM – German Mark**

* **FFR – French Franc**

* **ITL – Italian Lira**

* **ESP – Spanish Peseta**

* **NLG – Dutch Guilder**

These currencies, together with USD, GBP, JPY and CHF, formed the backbone of the money market basket.

### 🔹 After the Euro

With the introduction of the **Euro (EUR)** in 1999 (electronic) and its full physical adoption in 2002, all these national currencies merged into one. Today, **the Euro represents Europe** as a single hot currency in the global market

* Simplified cross-border transactions within Europe.

* Strengthened the Euro’s position against the US Dollar.

* Made the Currency Basket leaner — focused on a few powerful currencies such as **USD, EUR, GBP, JPY**.

> **ONLY HOT CURRENCIES DRIVE THE MONEY MARKET**

* **Visit my Website:** [mukhtarblogging.com](http://mukhtarblogging.com)

* **Watch on YouTube:** [https://youtu.be/03UpFcJLcXI](https://youtu.be/03UpFcJLcXI)

**Suggested placement:** Put this article under a heading "Currency Basket" or "Money Market" on your Landing page so visitors immediately see your expertise.

*Prepared by Mukhtar Ahmed Khan 

https://amzn.to/4hXFRpS

https://youtu.be/w-fCI5l3gVs?si=LLNNKcbwLxOPl2q_

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