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Petroleum prices reduced or maintained at current level ISLAMABAD: The government has either reduced the prices of petroleum products or maintained at the current level for the month of August 2014.On the recommendations of the Finance Minister, Mohammad Ishaq Dar, the Prime Minister, Nawaz Sharif approved to maintain the existing prices of Petrol, HOBC, and High Speed Diesel, said a statement issued here Monday adding the government would bear a subsidy of Rs.1.359 billion to maintain the prices of these products.The Finance Minister, while in Madinah Munawara, met with the Prime Minister to discuss the prices of petroleum for the month of August in light of the recommendations made by The Oil and Gas Regulatory Authority (OGRA)The OGRA had recommended raising the prices of Petrol from Rs.107.97 to Rs.110.16, HOBC from Rs.134.63 to Rs.139.28 and High Speed Diesel from Rs.109.34 to Rs.109.96 while it had proposed decrease of Kerosene from Rs.97.63 to 97.09, and Light Diesel Oil from ...

Gaza fighting abates as diplomatic tension flares GAZA/JERUSALEM: Israel eased its assaults in the Gaza Strip and Palestinian rocket fire from the enclave declined sharply on Monday, the military said, with both the United States and United Nations calling for a durable ceasefire.As international pressure mounted to end a 21-day conflict in which more than 1,000 people have been killed, an Israeli military official said the army would only fire in response to attacks, adding that this would be for an "unlimited" ...

Lavrov says Russia will not respond in kind to Western sanctions MOSCOW: Russia will not impose tit-for-tat measures or "fall into hysterics" over Western economic sanctions, Foreign Minister Sergei Lavrov said on Monday, trying to stake out the high ground amid growing tensions with the West.Speaking at a news conference, Lavrov said he hoped for an objective investigation into the crash in eastern Ukraine of a Malaysian airliner on July 18. Western leaders say flight MH17 was almost certainly shot down by mistake by Russian-backed separatists ...

Microsoft says government officials make sudden visit to China offices BEIJING: Chinese government officials made sudden visits to Microsoft Corp's China offices, a Microsoft spokeswoman said on Monday, but declined to give a reason."We aim to build products that deliver the features, security and reliability customers expect and we're happy to answer the government's questions," the spokeswoman said in an e-mailed statement, declining to give further information.China's State Administration for Industry & Commerce, which Chinese media reported made the sudden visit on Microsoft offices in ...

Boy, 4, killed by Israeli tank fire in northern Gaza: medics GAZA CITY: Israeli tank fire killed a four-year-old boy in the northern Gaza Strip on Monday, the first death since the two sides began observing an unofficial lull, Palestinian medics said. According to emergency services spokesman Ashraf al-Qudra, the child was killed when a shell hit a house to the east of Jabaliya where clashes had recently erupted between Israeli troops and Hamas militants. The boy, Samih Ijneid, was the first person to be killed ...

Muslims mark gloomy Eid amid MH17 crash, Gaza conflict KUALA LUMPUR: Muslims in Asia marked a grim Eid al-Fitr on Monday, overshadowed by several air tragedies, including the downing of Malaysia Airlines flight MH17, and conflicts in Gaza.Afghan President Hamid Karzai in his message for Eid, the most important festival for Muslims marking the end of the fasting month of Ramadan, said the Islamic world was suffering."Hundreds of people are being killed every day in Islamic countries," he said, highlighting the plight of those ...


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