Exchange Rate of UAE Dirham to Pakistani Rupee Sees Modest Increase
Karachi: November 30, 2024 – The exchange rate of the United Arab Emirates (UAE) Dirham to the Pakistani Rupee has seen a slight increase today. The buying price for the Dirham rose by one paisa to 75.70 PKR, while the selling price reached 76.35 PKR.
The UAE remains a key destination for Pakistani workers, offering significant employment and business opportunities. The construction, retail, and hospitality sectors in the UAE serve as major sources of economic engagement for Pakistani skilled workers.
These workers play a crucial role in strengthening Pakistan’s economy by sending remittances back home to support their families, which improves the quality of life for countless households. As the second-largest source of remittances for Pakistan, the UAE contributes billions of dollars annually, bolstering foreign exchange reserves and promoting economic growth.
Given the significance of these remittances, ensuring a stable exchange rate is vital. A stable exchange rate helps protect the hard-earned money of workers from potential financial losses, enabling them to contribute more effectively to the well-being of their families and the economic development of their country.