Important Business News 20th July, 2020

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1. Youm-e-Ilhaq-e-Pakistan observed PM reiterates unwavering support to Kashmiris
Prime Minister Imran Khan, on the occasion of Youm-e-Ilhaq-e-Pakistan, said the Kashmiris’ right of self-determination was recognised by the United Nations Security Council (UNSC) and reaffirmed Pakistan’s commitment to the Kashmiri people and assured that justice would prevail in their struggle for freedom.
1 Business Recorder
2. Bullish trend witnessed Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended July 17, 2020 on the back of local investors and institutional support. 1 Business Recorder
3. Zhob-Kuchlak western route Bidding process underway: CPEC Chairman
Special Assistant to Prime Minister on Information and Broadcasting Lt-Gen Asim Saleem Bajwa (retd) on Sunday said that bidding process for a part of China Pakistan Economic Corridor (CPEC) western route-Zhob-Kuchlak (Quetta) road was underway.
1 Business Recorder
4. Weekly Cotton Review Prices remain stable
The prices of cotton remained stable while the increasing trend witnessed in the phutti supply. Rains are supposed to be beneficial at this time.
5 Business Recorder
5. Covid-19, ban on flights PIA losses projected at Rs17bn per month
The operational and revenue losses of Pakistan International Airlines (PIA) are around Rs 17 billion a month projected to increase due to flights restrictions due to the pandemic and grounding of almost one third of the pilots on charges of fake degrees.
13 Business Recorder
6. Electricity bill relief Taxpayers required to obtain ‘certificate’ from Commissioner IR: LHC
Lahore High Court has held that taxpayers registered with the sales tax department as exporters or manufacturers of carpets, leather items, surgical/sports goods and textile and articles thereof are required to obtain a certificate from the Commissioner Inland Revenue for not depositing income tax on their electricity bills to the relevant power distributing company (DISCO).
14 Business Recorder
7. Eve of Eid-ul-Azha Violation of SOPs will not be tolerated: Buzdar Chief Minister Punjab Sardar Usman Buzdar has said that violation of SOPs on the eve of Eid-ul-Azha will not be tolerated at any cost. 14 Business Recorder
8. Centre accuses Sindh of inaction over power theft The federal government has accused the Sindh government of looking the other way as electricity theft continues in the province, at times even blocking steps taken against influential people involved in power pilferage. 1 Dawn
9. Opposition wants PM to sack dual national aides Opposition parties have expressed serious concern over the presence of a large number of dual nationals and the `permanent residency and green card` holders in the federal cabinet and asked Prime Minister Imran Khan to sack them immediately. 1 Dawn
10. 200m saplings to be planted in monsoon drive: PM`s aide A target of planting around 200 million saplings across the country has been set for the country`s largest ongoing monsoon tree plantation season 2020, said Adviser to the Prime Minister on Climate Change Malik Amin Aslam. 3 Dawn
11. Opening of Chaman border urged for trade activities Quetta Chamber of Commerce and Industries (QCCI) president Ghulam Farooq Khan Khilji and senior vice president Badaruddin Kakar have expressed serious concern over closure of the Chaman border between Pakistan and Afghanistan and said it is badly affecting the Balochistan`s economy as the trade between the two countries has come to a complete halt. 3 Dawn
  International News    
12. China says it will respond resolutely if UK sanctions officials LONDON: China will respond resolutely to any attempt by Britain to sanction Chinese officials following the imposition of a security law in Hong Kong, its ambassador in London said on Sunday. 6 Business Recorder
13. US, China trade barbs as South China Sea rift deepens YANGON, (Myanmar): China’s embassy in Myanmar on Sunday accused the United States of “outrageously smearing” the country and driving a wedge with its Southeast Asian neighbors over the contested South China Sea and Hong Kong, as tensions mount between the superpowers. 6 Business Recorder
14. Population in Pakistan continues to grow rapidly: report WASHINGTON: Pakistan`s total population is estimated at 220.9 million and it is growing rapidly with an annual fertility rate of 3.6 children per couple, says a world population report. 12 Dawn
15. Virus rebounds around world as deaths top 600,000 BERLIN: The coronavirus pandemic has found fresh legs around the world, as confirmed deaths pass 600,000 and countries from the US to South Africa to India struggle to contain a surge of new infections. 12 Dawn
16. Currency exchange rates   Countries  
U.S. U.K EURO CHINA SAUDIA ARABIA Symbol   $ £ ¥ ﷼, SR Rates   167.70 214.00 191.00 24.00 44. 50
9 Business Recorder

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