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Spain GDP

IMF raises 2024 GDP growth forecast for Spain to 1.9% from 1.5%

MADRID: The International Monetary Fund raised its forecast for Spain’s economic growth this year to 1.9% from 1.5%...

Published 12 Apr, 2024 06:42pm

World

Spain inflation hits 38-year high in July

MADRID: Inflation in Spain in July reached its highest level in 38 years, fuelled by runaway food and energy prices,...

Published 29 Jul, 2022 05:51pm

World

Spain to add more than 80,000 jobs in September, minister says

More than 20,000 people left the national ERTE furlough programme in the first half of September

Published 16 Sep, 2021 05:33pm

World

Spain to welcome back international cruises from June 7

Spain's maritime authorities approved the reopening because of falling COVID-19 incidence rates and an increase in vaccinations.
"Shipping companies will have to comply with measures established by the health ministry ... to guarantee total security, both for cruise passengers and for the cities where they land."

Published 29 May, 2021 07:51pm

World

Spain ups 2021 deficit target, looks to avoid austerity in coming years

Spain upped this year's budget deficit estimate from an initial 7.7%, but at 8.4% it would still be an improvement on 2020's 11-year high of 11%, after the economy shrank in the first quarter due to COVID-19 restrictions.
The gap should further narrow in 2022 to 5%, then 4% in 2023 and finally to 3.2% in 2024, she said, meaning that Spain does not plan to meet the 3% threshold earlier than 2025.

Published 30 Apr, 2021 06:03pm

World

Spain's unemployment rate falls to 15.98% in Q1

Still, the rate is higher than the 14.41% recorded in the first quarter of 2020, when the coronavirus pandemic started to take its toll.

Published 29 Apr, 2021 12:13pm

World

Spain hopes tourism can rebound as Germans return to Mallorca

International tourism to Spain plunged 80% to 19 million visitors last year - the lowest since 1969 - as coronavirus travel restrictions took their toll on the world's second most visited country.
"Maybe the ideal goal is ... to get half of the tourists we had in 2019," Tourism Minister Reyes Maroto told an event held by Europa Press news agency.

Published 22 Mar, 2021 08:09pm

World

Spain approves 11bn-euro aid package for pandemic-hit companies

The package will also include 3 billion euros to be implemented through voluntary debt restructurings of state-backed loans granted by banks to companies hit by the pandemic - many of them in the key tourism sector - and 1 billion euros will come in the form of capital injections.
The duration and the economic impact of the pandemic increase the risk of over-indebtedness ... By acting at the right moment we will avoid greater costs in the future.

Published 12 Mar, 2021 06:35pm

World

Spanish house sales tumble in 2020 amid pandemic

Once the confinement began winding down, house sales grew," said a spokeswoman for online property portal Fotocasa on Monday.
The Balearic and Canary Islands, two archipelagos favoured by tourists and international investors, respectively lost 20% and 17% of their house sales volume in 2020.

Published 15 Feb, 2021 07:28pm

World

Spain's recovering COVID-19 patients must wait six months for vaccine

The measure, which appears to be unique in Europe, will apply to the three vaccines currently being distributed in Spain and is provisional pending further research.
People older than 55 or those with health risks that make them more vulnerable to reinfection will be exempted from the delay.

Published 10 Feb, 2021 05:55pm

Business & Finance

Spain's 50-year bond closes with 65bn euro demand

The bonds, which will mature in 2071, follow a successful 50-year bond sale from Belgium last week.
Spain marketed the new debt at 13 basis points over its outstanding July 2066 bonds, which closed Monday at a yield of 1.658%.

Published 09 Feb, 2021 09:22pm

World

Spain's house prices fell 5.7pc in November as recovery proves fragile

Although Spaniards took out 6.7% more mortgages in November than in the same month of 2019, the data showed, mortgages' average value fell by 2.7%
The amount of rental homes available was 78% higher at end-2020 than when the year began.

Published 14 Jan, 2021 08:10pm

World

Spain to start reducing debt-to-GDP ratio in 2021

Already in 2021 we expect that, thanks to the strong growth, we will be able to start reducing our deficit and our debt-to-GDP ratio.
The budget deficit is likely to have reached the equivalent of 11.3% of GDP in 2020, a government forecast.

Published 14 Jan, 2021 07:00pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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