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Tax codes of Pakistan-Income Tax Ordinance, 2001, Sales Tax Act, 1990, Federal Excise Act, 2005 and Customs Act, 1969-provide grievance redressal mechanisms for taxpayers against the orders of tax officials and appellate authorities. The right of appeal against orders of the first appellate authority [Commissioner of Appeals or Collector of Adjudication] is available to the tax administration as well, because it is not uncommon that tax authorities are aggrieved at the relief granted by the appellate authorities to taxpayers, and a higher appellate forum to examine the correctness of relief so given by an appellate authority is justified.

For the first time in more than a decade, US gasoline prices are tumbling toward $2 a gallon even as the economy grows and unemployment shrinks, a constellation that will test the theory that domestic fuel demand is in terminal decline. Conventional wisdom holds that long-term trends such as increased fuel efficiency, greater urbanisation and a graying population will temper any potential pick-up in US fuel consumption next year, despite the unexpected arrival of cheap fuel.
Rusli Abdul Rahman and Fardhiah had been neighbours for years when the Asian tsunami devastated their small community in Indonesia's Aceh, killing both their spouses and their eight children. But they found a second chance at happiness by remarrying each other and having a son - one of the many new families formed in the aftermath of a natural disaster that killed tens of thousands a decade ago.
This time the Taliban hit where it hurts the most. They have claimed credit for the massacre of 132 schoolchildren in Peshawar's Army Public School along with nine teachers. Another 121 children and three staff members lie in hospital with bullet wounds. For the families of these children life will never be the same again. The phrase 'smallest coffins are the heaviest to carry' embodies this nation's collective sentiment.
This paper examines the status of a trade dress under US trademark law. Trade dress is a particular type of trademark or service mark, distinguishable for use as a Mark in the commercial parlance. It is a symbol placed on the goods or packaging or used in selling the services, in fact trade dress is the total image of the product representing its overall appearance. It is a mix of design and appearance of the product with its elements, which make up the overall image of the product it represents and serves to identify the product presented to the consumer1.
For the first time in more than a decade, US gasoline prices are tumbling toward $2 a gallon even as the economy grows and unemployment shrinks, a constellation that will test the theory that domestic fuel demand is in terminal decline. Conventional wisdom holds that long-term trends such as increased fuel efficiency, greater urbanisation and a graying population will temper any potential pick-up in US fuel consumption next year, despite the unexpected arrival of cheap fuel.
Until now oil prices after hitting USD 107 per barrel in June 2013 have plunged by 45 percent to USD 58 per barrel. It has given enough space and a sigh of relief to Pakistan's ailing economy, which is solely dependent on foreign borrowed money. The size of oil bill is huge, that easily surpasses USD 14 billion annually or nearly 30 percent of country's imports. Pakistan, therefore, needs to come up with a firm strategy to insulate itself against future risks by obtaining oil hedge.

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln