The UAE Dirham is being traded at Rs77.23 against the Pakistani Rupee in the open market on Friday, following a three-paisa increase in the buying rate.
Similarly, the selling rate rose to Rs77.96, reflecting an upward trend against the PKR, according to forex.pk.
Currency exchange between Pakistan and the United Arab Emirates (UAE) remains economically significant due to the robust financial and labor ties between the two nations.
Overseas Pakistanis residing in the UAE sent $754.2 million in wake of remittances in May 2025, securing the second top position in the chart of the workers’ remittances, as the first spot is held by Saudi Arabia.
Meanwhile, the workers’ remittances from overseas to Pakistan, recording a significant growth of 28.8 percent during eleven months of fiscal year 2024-25, reached nearly $ 35 billion in the period from July to May, while monthly inflows in May increased to $ 3.69 billion.
“Cumulatively, with an inflow of US$ 34.9 billion, workers’ remittances increased by 28.8 percent during Jul-May FY25 compared to US$ 27.1 billion received during Jul-May FY24,” the State Bank of Pakistan reported on Wednesday.
During May 2025, the workers’ remittances recorded an inflow of US$ 3.686 billion, depicting 16 percent growth over April 25 and a 13.7 percent yearly increase against May 2024, the statistics showed.
