Trends - fossil fuel - Business Recorder

fossil fuel

COP28 clashes over fossil fuel phase-out after OPEC pushback

DUBAI: Countries clashed on Saturday over a proposed agreement to phase-out fossil fuels at the COP28 summit in...

Published 10 Dec, 2023 03:33am

World

UN slams COP28 ‘posturing’ as fossil fuel debate sizzles

DUBAI: UN climate chief Simon Stiell on Wednesday accused nations of “posturing” at the COP28 talks in Dubai,...

Published 07 Dec, 2023 04:35am

World

COP28 advisory board member resigns over reports of UAE fossil fuel dealmaking

DUBAI: A member of the main advisory board of the COP28 climate summit resigned on Friday over reports that the UAE...

Published 01 Dec, 2023 05:11pm

Markets

OPEC head accuses IEA of vilifying fossil fuel industry

DUBAI: OPEC Secretary General Haitham Al Ghais on Monday accused the International Energy Agency (IEA) of vilifying...

Published 28 Nov, 2023 04:57am

Business & Finance

China fuels increase in global oil demand: IEA

PARIS: World oil demand will rise slightly more than expected this year as China’s appetite for the fossil fuel ...

Published 15 Nov, 2023 06:09am

Editorials

Lahore: surrounded by smog yet again

EDITORIAL: Lahore, once again, has started to earn the unsavoury distinction of being the world’s most polluted...

Published 01 Nov, 2023 05:57am

World

EU climate talks at loggerheads over fossil fuel language

PARIS: A major stumbling block to defining the European Union’s position at the most important climate ...

Published 17 Oct, 2023 05:51am

Pakistan

PKRC demands debt cancellation

LAHORE: The Pakistan Kissan Rabita Committee (PKRC) on Thursday held a demonstration in the provincial metropolis to...

Published 13 Oct, 2023 05:50am

Opinion

The fossil fuel folly: damned if you have it; damned if you don’t

The world stands at a crossroads, facing a dilemma of unparalleled proportions: the consumption of fossil fuels. In...

Updated 05 Oct, 2023 06:57am

Opinion

Revisiting economy’s direction

‘But putting growth at the center of economic policymaking is a mistake. While important, growth in the abstract ...

Published 01 Sep, 2023 05:41am

World

US county sues oil cos for $51bn over ‘Heat Dome’ disaster

WASHINGTON: A county in the northwestern state of Oregon on Thursday filed a lawsuit against major fossil fuel...

Published 24 Jun, 2023 06:02am

Markets

Financial institutions urged to end fossil fuel funding

KARACHI: Speakers at a study launch have urged the world financial institutions to stop fossil fuel funding in...

Published 22 Jun, 2023 05:45am

World

Swiss voters approve global minimum corporate tax, climate goals

ZURICH: Swiss voters voted on Sunday to introduce a global minimum tax on businesses and a climate law that aims to...

Published 19 Jun, 2023 06:55am

World

Fossil fuel-centred growth is obsolete, says EU’s von der Leyen

BRUSSELS: An energy mix based on fossil fuels cannot deliver sustainable economic growth for future generations,...

Published 16 May, 2023 03:23am

World

EU fossil fuel car ban gets final green light

BRUSSELS: The 27 EU member states gave final approval Tuesday to a ban on sales of new fossil fuel cars by 2035,...

Published 28 Mar, 2023 06:02pm

Business & Finance

EU, Germany reach deal on fossil fuel car phase-out plan

BRUSSELS: The European Union and Germany on Saturday said they had struck a deal after a dispute over the planned...

Published 26 Mar, 2023 03:19am

Opinion

Neoliberalism, austerity, and climate change crisis

‘Scientists have delivered a “final warning” on the climate crisis, as rising greenhouse gas emissions push ...

Published 24 Mar, 2023 05:55am

World

UN chief slams rich countries’ treatment of poor states

DOHA: UN Secretary-General Antonio Guterres on Saturday slammed the world’s rich countries and energy giants for...

Published 05 Mar, 2023 03:36am

Opinion

Incoming World Bank chief faces tests before he gets to climate

Ajay Banga, US President Joe Biden’s pick to run the World Bank, will face a tough slate of issues around the...

Published 26 Feb, 2023 03:27am

Business & Finance

UN chief slams oil firms for ‘big lie’ on global warming

DAVOS: UN Secretary-General Antonio Guterres skewered oil firms on Wednesday for having “peddled the big lie”...

Published 19 Jan, 2023 05:58am

Pakistan

Speakers say banks can help curtail pollution, improve environment

KARACHI: Speakers at a research study launch have said that banks, by responsible funding, can curtail pollution and...

Published 29 Nov, 2022 05:57am

Opinion

COP27 meetings: achievements, setbacks, and deficiencies

This year’s COP meetings that were supposed to be held in Sharm el-Sheikh, Egypt from November 6-18, but had to go...

Updated 25 Nov, 2022 04:00pm

Opinion

Bankers pour cold water on red hot coal

It’s the best of times, it’s the worst of times. At least when it comes to mining coal. After years of decline,...

Published 25 Nov, 2022 05:48am

Opinion

Towards green energy

It was only recently at the Saudi capital Riyadh that Prime Minister Shehbaz Sharif, according to media reports,...

Published 04 Nov, 2022 05:56am

Business & Finance

Challenge of circular debt can be overcome: speakers

LAHORE: The accumulation of circular debt and its progression can be stopped through better models of institutional...

Updated 06 Oct, 2022 09:43am

Energy windfall profit levies approved: EU countries spar over gas price caps

BRUSSELS: European Union countries disagreed on Friday about whether and how to cap runaway gas prices, with Germany...

Updated 01 Oct, 2022 11:13am

Life & Style

Elon Musk says the planet needs more oil... and babies

OSLO: Billionaire tech entrepreneur Elon Musk, who has fathered 10 children, said on Monday the world needs to...

Published 30 Aug, 2022 06:21am

Markets

Australia’s Victoria state looks to wean households off gas

MELBOURNE: Australia’s Victoria government released a plan on Saturday aiming to wean the country’s biggest...

Published 03 Jul, 2022 05:39am

Business & Finance

Five countries seek to delay EU fossil fuel car phase-out

BRUSSELS: Italy, Portugal, Slovakia, Bulgaria and Romania want to delay a European Union plan to effectively ban the...

Published 25 Jun, 2022 04:42am

G7 nations vow to stop fossil-fuel financing abroad by end 2022

BERLIN: Japan Friday for the first time joined fellow members of the Group of Seven industrialised nations in...

Published 28 May, 2022 05:11am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	6 ▲ 1.00 (20.00%)
Silk Bank Ltd / Dec 11 Silkbank Limited(SILK)	1.26 ▲ 0.16 (14.55%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.72 ▲ 0.53 (12.65%)
Pace (Pak) Ltd. / Dec 11 Pace (Pakistan) Limited(PACE)	2.84 ▲ 0.28 (10.94%)
Nazir Cotton Mills / Dec 11 Nazir Cotton Mills Limited(NCML)	4.20 ▲ 0.40 (10.53%)
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	7.80 ▲ 0.69 (9.70%)
Treet Corp. (R) / Dec 11 Treet Corporation Limited (R)(TREETR2)	4.27 ▲ 0.35 (8.93%)
Trust Mod. / Dec 11 Trust Modaraba(TRSM)	2.17 ▲ 0.17 (8.50%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.89 ▼ -0.85 (-14.81%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Dadex Eternit / Dec 11 Dadex Eternit Limited(DADX)	45.74 ▼ -3.70 (-7.48%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)
First Tri-Star Mod. / Dec 11 First Tri-Star Modaraba(FTSM)	13.88 ▼ -1.12 (-7.47%)
Redco Textile / Dec 11 Redco Textiles Limited(REDCO)	6.30 ▼ -0.50 (-7.35%)
LSE Ventures / Dec 11 LSE Ventures Limited(LSEVL)	5.10 ▼ -0.39 (-7.10%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.12
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.04
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.50
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	57,225,500 ▲ 0.53
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	56,221,500 ▲ 0.65
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	50,638,000 ▲ 0.69
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.15
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.15
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	39,596,835 ▼ -1.52
Telecard Limited / Dec 11 Telecard Limited(TELE)	34,265,211 ▲ 0.39

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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