Trends - fossil fuels - Business Recorder

fossil fuels

Surcharge on fossil fuels

EDITORIAL: It’s been learnt that one of the key measures under consideration to increase the tax-to-GDP ratio, as...

Updated 17 Nov, 2024 06:07am

Editorials

Confronting climate change at Baku

EDITORIAL: At the ongoing 29th Conference of the Parties (COP29) to the UN Framework Convention on Climate Change in...

Published 16 Nov, 2024 06:04am

Business & Finance

Tax crypto and plastic to pay for climate, development, leaders urge

BAKU: Plastics and cryptocurrencies could be taxed like flying and fossil fuels to plug the gap in climate finance...

Published 15 Nov, 2024 06:20am

World

Azerbaijan defends fossil fuels at COP29 as big names skip summit

BAKU: The host of the UN climate summit in Azerbaijan on Tuesday defended fossil fuels and the right of countries to...

Published 13 Nov, 2024 06:33am

FBR will impose new surcharge on fossil fuels

ISLAMABAD: The Federal Board of Revenue (FBR) will impose a new surcharge on fossil fuels to generate additional...

Updated 09 Nov, 2024 02:59pm

Pakistan

Pakistan to join protests across Asia against fossil fuels on 13th

LAHORE: On September 13, Pakistan will join a wave of protests sweeping across Asia, calling for an end to fossil...

Published 11 Sep, 2024 06:31am

Opinion

Invest in renewable energy

The recent upsurge in circular debt (CD) accumulation coincided with the signing of “take-or-pay” contracts for...

Published 03 Jun, 2024 06:30am

Pakistan

Dar will represent Pakistan in Nuclear Energy Summit

ISLAMABAD: Foreign Minister Ishaq Dar will represent Pakistan in the Nuclear Energy Summit in Brussels from 21-22...

Published 20 Mar, 2024 03:00am

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

BR Research

COP28 and fossil fuels

UN Climate Summit, COP28 is over with some significant decisions along with some loopholes. The conference started...

Published 15 Dec, 2023 09:27am

Business & Finance

France’s Credit Agricole to stop financing new fossil fuel projects

PARIS: Credit Agricole, France’s second-largest listed bank, said on Thursday it would stop financing any new fossil...

Published 14 Dec, 2023 12:28pm

World

Climate summit adopts world-first ‘transition’ from fossil fuels

DUBAI: Nearly 200 nations meeting in Dubai on Wednesday approved a first-ever call for the world to transition away...

Published 14 Dec, 2023 05:24am

World

Russia warns against ‘chaotic’ fossil fuels exit

MOSCOW: Russia on Wednesday warned against a “chaotic” exit from fossil fuels, while welcoming the “compromise” deal...

Published 13 Dec, 2023 10:06pm

World

Nations strike deal at COP28 to transition away from fossil fuels

DUBAI: Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing...

Updated 13 Dec, 2023 03:08pm

World

Arab officials attack bids to phase out fossil fuels

DOHA: Arab officials on Tuesday hit out at attempts to secure a phase-out of fossil fuels at COP28 as they met for a...

Published 13 Dec, 2023 05:33am

World

UN chief urges COP28 to phase out fossil fuels

DUBAI: UN Secretary-General Antonio Guterres on Monday urged an agreement at COP28 to phase out fossil fuels,...

Published 11 Dec, 2023 01:33pm

World

China sees COP28 progress on fossil fuels

DUBAI: China said Saturday it saw progress at COP28 climate talks in a dispute over the future of fossil fuels, as...

Published 09 Dec, 2023 07:13pm

Markets

OPEC chief urges members to reject any COP28 deal that targets fossil fuels

DUBAI: OPEC Secretary General Haitham Al Ghais has urged OPEC+ members to reject proposals for any text under...

Published 09 Dec, 2023 05:46am

World

COP28 must mark ‘beginning of the end’ of fossil fuels: EU

DUBAI: The UN’s COP28 talks in Dubai must “mark the beginning of the end” of fossil fuels, the European Union’s...

Published 06 Dec, 2023 05:17pm

World

COP28 fossil fuel battle hardens

DUBAI: Battle lines on fossil fuels hardened at UN climate talks on Tuesday despite scientists warning that global...

Published 06 Dec, 2023 04:27am

World

COP28 draft agreement includes option to do nothing on fossil fuels

DUBAI: The UN released the latest draft of a global climate agreement on Tuesday presenting all options on fossil...

Published 05 Dec, 2023 04:31pm

World

World could breach 1.5C warming threshold in 7 years: study

PARIS: The world may cross the crucial 1.5C global warming threshold in seven years as fossil fuel CO2 emissions...

Published 05 Dec, 2023 04:28pm

Business & Finance

Global CO2 emissions from fossil fuels to hit record high in 2023

DUBAI: Global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year,...

Published 05 Dec, 2023 11:41am

World

117 countries agree to triple renewable energy, to push out fossil fuels: COP28

DUBAI: Some 117 governments pledged to triple the world’s renewable energy capacity by 2030 at the U.N.‘s COP28...

Updated 02 Dec, 2023 06:59pm

World

UN chief, COP28 president clash over future of fossil fuels

DUBAI: UN Secretary General Antonio Guterres urged world leaders at the COP28 climate summit to plan for a future...

Published 02 Dec, 2023 05:09am

Climate plans: Over 130 nations agree to include food, agriculture

DUBAI: More than 130 countries agreed to prioritise food and agriculture in their national climate plans at COP28 in...

Updated 02 Dec, 2023 03:51pm

Business & Finance

Banks get carbon emissions standard they sought for stock, bond deals

LONDON: Banks will need to account for a third of the emissions linked to their capital markets deals when they...

Published 02 Dec, 2023 05:09am

World

Fossil fuels in the crosshairs at pivotal COP28 talks

PARIS: World leaders will face a reckoning over humanity’s failure to curb climate-heating emissions and polluting...

Published 23 Nov, 2023 12:12pm

Business & Finance

Solar tubewells: HBL sets the industry benchmark with Rs1bn in financing to boost renewable energy

KARACHI: HBL sets the industry benchmark with Rs 1 billion in financing for solar tubewells. The facility enables...

Published 22 Nov, 2023 05:48am

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 3	277.92
USD PKR Interbank Buying / Dec 3	277.72
USD to Japanese Yen / Dec 3	150.01
USD to Swiss Franc / Dec 3	0.89
Pound Sterling to USD / Dec 3	1.27
Euro to USD / Dec 3	1.05

Stock	Volume
S&P 500 / Dec 2	6,047.15
Nasdaq / Dec 2	19,403.95
Dow Jones / Dec 2	44,782
India Sensex / Dec 3	80,853.10
Tokyo Nikkei / Dec 3	39,248.86
Hang Seng / Dec 3	19,694.44
FTSE 100 / Dec 3	8,345.09
Germany DAX 30 / Dec 3	20,011.64

Item	Value
Gold 10 Grams PKR / Dec 2	235,340
Petrol/Litre / Dec 3	252.10
Crude Oil USD/Barrel / Dec 3	68.37
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Gold Spot USD/Ounce / Dec 3	2,645.88
Diesel/Litre / Dec 3	258.43

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▼ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▼ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▼ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▲ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▲ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▲ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 3 Worldcall Telecom Limited(WTL)	213,514,857 ▲ 0.00
Cnergyico PK / Dec 3 Cnergyico PK Limited(CNERGY)	196,907,321 ▲ 0.00
Fauji Foods Ltd / Dec 3 Fauji Foods Limited(FFL)	68,325,507 ▲ 0.00
K-Electric Ltd. / Dec 3 K-Electric Limited(KEL)	66,212,972 ▲ 0.00
Sui South Gas / Dec 3 Sui Southern Gas Company Limited(SSGC)	65,264,278 ▲ 0.00
B.O.Punjab / Dec 3 The Bank of Punjab(BOP)	61,288,845 ▲ 0.00
Hascol Petrol / Dec 3 Hascol Petroleum Limited(HASCOL)	49,268,731 ▲ 0.00
Pak Int.Bulk / Dec 3 Pakistan International Bulk Terminal(PIBTL)	46,902,495 ▲ 0.00
Fauji Cement / Dec 3 Fauji Cement Company Limited(FCCL)	31,910,059 ▲ 0.00

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