Trends - fossil fuel - Business Recorder

fossil fuel

BP chairman to step down after energy strategy reset

LONDON: BP on Friday said chairman Helge Lund will step down after a major reset at the British energy giant that...

Published 04 Apr, 2025 06:40pm

World

Wealthy nations fail to agree curbs on fossil fuel finance

PARIS: Wealthy nations have failed to reach an agreement on curbing public finance for fossil fuel projects, the ...

Published 15 Jan, 2025 02:59am

Markets

Pakistan joins fossil-fuel non-proliferation coalition

ISLAMABAD: Pakistan has joined a coalition of climate-vulnerable countries advocating for a global fossil-fuel...

Published 23 Dec, 2024 06:03am

Opinion

Takeaways from CPEC investment

At the China Pakistan Economic Corridor (CPEC) performance review meeting called this week by the National Assembly...

Updated 23 Nov, 2024 06:53am

World

Wealthy nations pledge ‘no new coal’

BAKU: Twenty-five countries at the COP29 climate summit Wednesday pledged not to build any new unabated coal-power...

Published 21 Nov, 2024 05:51am

World

Oil execs work COP29 as NGOs slam lobbyist presence

BAKU: Oil executives and lobbyists descended on COP29 in Baku for “energy day” Friday, as environmental groups...

Published 16 Nov, 2024 06:04am

World

COP29 at risk from graft, fossil fuel interests

PARIS: UN climate summits risk “being undermined by undue corporate influence and fossil fuel industry capture”,...

Published 03 Nov, 2024 06:34am

Perspectives

Pakistan’s coal tax breaks have sparked an old debate: fossil fuel vs renewable energy

The Pakistani government’s decision to continue offering tax exemptions for coal has reignited a debate about the...

Updated 22 Oct, 2024 05:22pm

Markets

Energy mix: Global commitments restrict fossil fuel growth

ISLAMABAD: Pakistan is facing a serious dilemma. It needs cheap energy which could be produced with indigenous ...

Published 05 Oct, 2024 07:20am

Markets

‘Pakistan should seek assistance from UN, IMF & WEF on clean renewable energy’

FAISALABAD: Pakistan should seek financial and technical assistance from world organizations including UN, IMF and...

Published 25 Sep, 2024 06:48am

Markets

Speakers at a conference highlight true potential of solar power

LAHORE: The concerned energy sector representatives have emphasised greater exploitation of Pakistan’s solar power...

Published 31 Aug, 2024 06:55am

Markets

Energy Conservation Building Code, 2023 to be launched today

ISLAMABAD: Minister for Power Awais Leghari is to launch the Energy Conservation Building Code (ECBC), 2023 on...

Published 23 Jul, 2024 08:29am

World

COP29 hosts urge fossil fuel majors to donate to climate fund

PARIS: Azerbaijan said Friday it hopes to raise money from fossil fuel producers for green projects in developing...

Published 19 Jul, 2024 11:58pm

Opinion

PARTLY FACETIOUS: Green energy versus fossil fuel

“So now what?” “Well, I heard the people of Khyber Pakhtunkhwa have en masse supported green energy.” “I...

Published 16 Feb, 2024 06:02am

Pakistan

Discussion titled ‘COP28: an analytical view’ organised by CSP ISSI, CSCCC

ISLAMABAD: Speakers at a round table discussion termed the COP28 as a crucial stage for discussions on a key subject...

Published 23 Dec, 2023 06:16am

Opinion

‘Transitioning away’ from fossil fuels

COP28 has ended with a compromise solution. There was one side, led by the developed countries, and climate ...

Updated 19 Dec, 2023 05:43am

Opinion

COP28: emerging role of nuclear power

Nuclear power is a zero carbon source of energy, meaning that during its operations, no carbon is produced or...

Published 14 Dec, 2023 05:24am

World

New COP28 draft deal stops short of fossil fuel ‘phase out’

DUBAI: A draft of a potential climate deal at the COP28 summit on Monday suggested a range of options that countries...

Published 12 Dec, 2023 05:28am

World

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 14	284.77
USD PKR Interbank Buying / Jul 14	284.52
USD to Japanese Yen / Jul 14	147.66
USD to Swiss Franc / Jul 14	0.80
Pound Sterling to USD / Jul 14	1.34
Euro to USD / Jul 14	1.17
UK LIBOR % / Jul 14	4.96

Stock	Volume
S&P 500 / Jul 14	6,268.56
India Sensex / Jul 14	82,253.46
Tokyo Nikkei / Jul 14	39,502.44
Nasdaq / Jul 14	20,640.33
Hang Seng / Jul 14	24,238.51
FTSE 100 / Jul 14	8,998.06
Dow Jones / Jul 14	44,459.65
Germany DAX 30 / Jul 14	24,160.64
France CAC40 / Jul 14	7,808.17

Item	Value
Crude Oil USD/Barrel / Jul 14	66.60
Karachi Cotton PKR/37.32 KG / Jul 14	16,585
Gold 10 Grams PKR / Jul 14	308,384
Gold Spot USD/Ounce / Jul 14	3,357.40
Cotton US¢/pound / Jul 14	67.96
Petrol/Litre / Jul 15	266.79
Diesel/Litre / Jul 15	272.98

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jul 15 First Fidelity Leasing Modaraba(FFLM)	4.60 ▲ 0.79 (20.73%)
PICIC Ins.Ltd. / Jul 15 PICIC Insurance Limited(PIL)	5.10 ▲ 0.69 (15.65%)
Trust Mod. / Jul 15 Trust Modaraba(TRSM)	7.72 ▲ 1 (14.88%)
Tri-Star Power / Jul 15 Tri-Star Power Limited(TSPL)	8.38 ▲ 0.79 (10.41%)
Safe Mix Con.Lt / Jul 15 Safe Mix Concrete Limited(SMCPL)	24.48 ▲ 2.23 (10.02%)
DH Partners / Jul 15 DH Partners Limited(DHPL)	43.31 ▲ 3.94 (10.01%)
Ask.Gen.Insur. / Jul 15 Askari General Insurance Company Limited(AGIC)	47.47 ▲ 4.32 (10.01%)
EMCO Industries / Jul 15 Emco Industries Limited(EMCO)	49.12 ▲ 4.47 (10.01%)
Nets Internat.Comm. / Jul 15 Nets International Communication Limited(GEMNETS)	37.68 ▲ 3.43 (10.01%)
Allied Bank / Jul 15 Allied Bank Limited(ABL)	198.73 ▲ 18.07 (10%)

Stock	Price
First Imrooz Mod. / Jul 15 First Imrooz Modaraba(FIMM)	182.25 ▼ -17.41 (-8.72%)
Masood Textile / Jul 15 Masood Textile Mills Limited(MSOT)	74.05 ▼ -7.06 (-8.7%)
Burj Clean Energy Modaraba / Jul 15 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	11.01 ▼ -0.99 (-8.25%)
Karam Ceramics / Jul 15 Karam Ceramics Limited(KCL)	195 ▼ -17.23 (-8.12%)
Fazal Cloth / Jul 15 Fazal Cloth Mills Limited(FZCM)	392.80 ▼ -32.84 (-7.72%)
First IBL Mod. / Jul 15 First IBL Modaraba(FIBLM)	5.80 ▼ -0.45 (-7.2%)
Beco Steel Ltd / Jul 15 Beco Steel Limited(BECO)	22.35 ▼ -1.62 (-6.76%)
Ali Asghar / Jul 15 Ali Asghar Textile Mills Limited(AATM)	83.51 ▼ -5.99 (-6.69%)
Dewan Mushtaq / Jul 15 Dewan Mushtaq Textile Mills Limited(DMTM)	10.01 ▼ -0.68 (-6.36%)
Adam Sugar / Jul 15 Adam Sugar Mills Limited(ADAMS)	60.20 ▼ -4.07 (-6.33%)

Stock	Volume
Trust Mod. / Jul 15 Trust Modaraba(TRSM)	44,547,951 ▲ 1
K-Electric Ltd. / Jul 15 K-Electric Limited(KEL)	44,085,400 ▲ 0.02
B.O.Punjab / Jul 15 The Bank of Punjab(BOP)	41,289,219 ▲ 0.23
Cres.Star Ins. / Jul 15 Crescent Star Insurance Limited(CSIL)	21,984,992 ▲ 0.42
Siddiqsons Tin / Jul 15 Siddiqsons Tin Plate Limited(STPL)	15,488,685 ▼ -0.28
WorldCall Telecom / Jul 15 Worldcall Telecom Limited(WTL)	15,298,701 ▲ 0
Ist.Capital Sec / Jul 15 First Capital Securities Corporation(FCSC)	12,525,193 ▲ 0.16
Kohinoor Spining / Jul 15 Kohinoor Spinning Mills Limited(KOSM)	10,943,624 ▲ 0.01
First Prudential Mod. / Jul 15 First Prudential Modaraba(PMI)	9,769,620 ▲ 0.31
Askari Bank / Jul 15 Askari Bank Limited(AKBL)	9,298,790 ▼ -0.2

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