Tag: Faces

MNA faces ‘gas-less’ people’s wrath

LAHORE - Angry citizens, protesting against gas shortage, at the Chungi Ferozepur Road, gave Pakistan Muslim League-Nawaz (PML-N) Member of the National Assembly (MNA) Naseer Bhutta a piece of their minds by forcing him to flee despite the fact that he had reached the spot to calm down the protesters, Pakistan Today has learnt.
According to details, citizens irked at continuous gas and electricity outages, staged a protest against six to 10 hours of load shedding in various parts

Japan meets budget targets, but faces hurdles

TOKOYO - Japan's government approved a record $1.1 trillion draft budget for the year from next April, keeping its self-imposed cap on new debt. However, it faces a tough road ahead to fix its tattered public finances.
With new debt issuance seen topping tax revenues for the second straight year in the initial budget, Finance Minister Yoshihiko Noda reiterated the need to overhaul the country's tax systems. "Tax revenues are approaching levels of new bond issuance but this

New economic team faces uphill task

ISLAMABAD: The government's new economic team faces an uphill task to revive the economy, reform the tax system and save the International Monetary Fund (IMF) standby arrangement that has been jeopardised by the non-implementation of the IMF conditions, particularly the imposition of the reformed general sales tax.
"It's a big challenge," Dr Waqar Masud Khan said while talking to Pakistan Today on Tuesday. He said he had started reviewing the situation and would soon be able to

Sami faces probe for hotel brawl

KARACHI: Pakistani test bowler Mohammad Sami is under investigation after being accused of damaging hotel furniture while drunk, Karachi City Cricket Association president Siraj Bukhari said.
"We have been told that Sami fought with a teammate and damaged hotel property while allegedly under the influence of alcohol," he said. He added a detailed report had been summoned from the Karachi Blues team management on the incident that took place on Tuesday at the hotel in Rawalpindi,

Crowded junk bond market faces bumpier 2011

LONDON: High-yield corporate bonds are unlikely to repeat this year's rosy performance in 2011 as inflation threats and a stronger appetite among companies to releverage pose risks to what many see as a crowded market.
The typical underperformance of corporate debt to equities in an expansionary economic cycle, which many investors believe financial markets are in now, and the lingering euro zone debt crisis are also likely to take the shine off these bonds into the new year.

Conference on conflict resolution by FACES

LAHORE: The five-day youth conference, organized by Formation Awareness and Community Empowerment Society (FACES), aims to target students of college and university ages, to bridge cultural and religious differences among communities, and nations.
The students were from Afghanistan, Peshawar and Lahore institutes. Indian students had been invited but did not get visas so they could not be present for the conference.
Though the session consisted of experience sharing among

France faces more protests as pension vote looms

PARIS: President Nicolas Sarkozy sent in police on Wednesday to clear blockades at France's fuel depots that have caused petrol shortages as unions kept up resistance to an unpopular pension reform due for a final vote this week.
Interior Minister Brice Hortefeux said three major depots were unblocked overnight and Sarkozy said it would not let the country be paralysed by protests against a bill that seeks to raise the minimum retirement age to 62 from 60.
"If this disorder