Sindh: Security arrangements finalized for Muharram

Pakistan Rangers Sindh have finalized all security arrangements for the month of Muharram-ul-Hara’am, trendpk.Com reported on Tuesday.

All important gatherings, conventions and caravans would be monitored through satellite and also aerial surveillance would be employed to ensure that no mishap takes place. Video recording of all majalis would also be done. A high level meeting took place in the Rangers’ headquarters Karachi to finalize the security arrangements for the month of Muharram. Senior police officers and Rangers’ personnel attended the meeting. Strict orders have been issued on implementing the pillion riding ban, keeping and possessing weapons and also against aerial firing. Security has been beefed up on all the airports, railway stations and other important places of all the cities whereas all the caravans and majalis would be monitored through satellite and CCTV cameras.

OGRA announces to maintain POL prices

OGRA has decided to keep the prices of petroleum products at the earlier rates.

In a press conference in Islamabad, Executive Director OGRA Saeed Jawad said that prices of petrol, HOBC, High Speed Diesel, Light Diesel and kerosene oil would not be changed. While jet fuel price has been raised from 14 paisa per liter to Rs 1.14 per liter. In the month of December, petrol would be sold at Rs 72.96/liter, HOBC at Rs 86.67/liter, High Speed Diesel at Rs 78.33/liter, light diesel oil at Rs 66.61/liter and kerosene oil would be available at Rs 70.95.

Qantas A380 suffered "cascade of failures": report

LONDON: The Qantas (QAN.AX) A380 aircraft that made an emergency landing earlier this month after one of its Rolls-Royce (RR.L) engines partly disintegrated mid-flight suffered a “cascade of failures,” Sky News reported on Thursday.

Citing a memo sent to operators of A380 aircraft by maker Airbus (EAD.PA), Sky reported that crew members had to battle “multiple problems.”

“The reason engine one could not be shut down has been determined: two segregated wiring routes were cut by two out of the three individual disk debris,” Sky quoted the memo as saying.

Shares in EADS, which had been flat ahead of the report, dipped to trade down 0.4 percent at 1328 GMT while Rolls Royce shares were down 0.8 percent. AGENCIES

NEPRA approves Rs. 0.70 per unit reduction in KESC’s power tariff

Staff Report

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved Rs. 0.70 per unit reduction for Karachi Electric Supply Corporation’s (KESC) power tariff.

According to details, NEPRA conducted hearing of an application from KESC in Islamabad on Wednesday.

After completion of the arguments from all stakeholders, NEPRA approved reduction on fuel adjustment basis for the month of September and on quarterly review basis for the months of July to September.

A reduction of Rs.0.18 has been made on the fuel adjustment basis and Rs. 0.52 on the quarterly review basis. Trend Pk

Federal Cabinet approves GST Reforms Bill, flood surcharge

Staff Report

ISLAMABAD: The Federal Cabinet has approved the flood surcharge and GST Reforms Bill on Wednesday.

Earlier today, a meeting of the Federal Cabinet was held in Islamabad. Prime Minister Yousuf Raza Gilani chaired the meeting.

The cabinet reviewed and approved GST Reforms Bill and new taxes of Rs. 100 billion during the meeting. Approved GST Reforms Bill will be presented before Parliament on Friday and it will be imposed from the month of January next year.

After a formal approval from the Parliament, GST will be implemented on construction, financial services, commission agents, customs, advertisement services, courier services, doctors, engineers, lawyers, edible goods and other general items. Trend Pk

Cement sale on the up again

The demand for cement has again started to rise from the month of October after a decline in the sale due to the recent massive floods in the country, Dunya News reported on Friday.
According to a report of JS Research the total sale of cement during the month of October remained 1.9 million tons which is 46% higher than the previous months statistics. The sale was also 30% higher than the last year figures for the same month. A total of 0.95 million tons of cement was exported which is 52% higher than the exports during September but 16% less than the last years statistics for the same month.
The cement price experienced an upward trend despite news of bears rule in the market. The average price of a cement bag remained 325 rupees.

Seven killed in US Drone Attack in NWA

MIRANSHAH, News Trends: US drones fired two missiles at a house in Ditta Khel in North Waziristan Thursday, killing seven people, more causalities are feared, officials said.

This is the third attack in North Waziristan within 24 hours. There have been 16 drone attacks in North Waziristan in the month of October while in September there have been more than 20.

Gilani visits shrine of Abdullah Shah Ghazi

Staff Report

KARACHI: Prime Minister Syed Yusuf Raza Gilani visited the Shrine of Hazrat Abdullah Shah Ghazi in Clifton here on Tuesday afternoon.

He was accompanied by Sindh Chief Minister Syed Qaim Ali Shah.

The Prime Minister laid a floral wreath at the shrine and offered ‘Fateha’.

It is pertinent to mention here that eight people were killed and dozen others wounded in twin suicide attacks on Abdullah Shah Ghazi shrine earlier this month. SAMAA

Petroleum prices expected to rise by next month

According to sources, petroleum prices rose by 6-7 percent during the month of September, 2010 internationally. The price of per barrel of petrol remained 67-70 dollars while diesel prices remained 73-77 dollars per barrel. Petroleum prices increased from 72 dollars per barrel to 75 dollars in the gulf market after which the prices are expected to rise in Pakistan as well. However the final decision would be announced on 31st October, 2010.

NEPRA reduces power tariff by 36 paisas per unit

Staff Report

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has reduced power tariffs by 36 paisas per unit for just a month; the people of Karachi will not benefit from the relief given by the NEPRA.

According to sources, the reduction in power tariffs has been made for fuel adjustments for the month of September. The consumers benefit from Rs. 3 on 100 units.

NEPRA’s new orders are for eight power supplying companies except for Karachi Electric Supply Company (KESC). SAMAA

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