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First time in India, Gold price crosses 50,000 (10gm)

Economy Staff Writer -
Gold prices soared Wednesday hitting a record high of Rs 50,010 per 10 gram in India as the yellow metal’s appeal as a hedge...

All time low Pakistani rupee vs UAE dirham

Economy Staff Writer -
The Pakistani rupee sank to an all-time low on Tuesday morning, crossing 46 against the UAE dirham. Bloomberg data showed that the rupee hit 168.91...

Tax-free Pakistan budget eyes ambitious growth, revenue amid coronavirus

Economy Staff Writer -
Pakistan on Friday announced its annual budget for financial year 2020-21, setting ambitious targets of 2.1 per cent GDP growth, a 7 per cent fiscal deficit and an...

UAE economic recovery to begin in H2, says Central Bank

Economy Staff Writer -
The UAE Central Bank expects economic recovery to begin in the second-half of this year after it has been hit by the coronavirus pandemic. "While...

Dubai economy shows sign of recovery

Economy Staff Writer -
The rate of decline in Dubai's non-oil private sector economy slowed but endured a further downturn in May following the easing of some strict...
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