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As of Thursday, November 28, 2024, the exchange rate for the UAE Dirham in Pakistan showed a slight increase. The buying rate has risen by three paisas, now standing at Rs. 75.67, while the selling rate has also increased to Rs. 76.32, according to the Forex Association of Pakistan.
The UAE remains a key destination for Pakistani workers, offering numerous employment and business opportunities. For years, it has been a central hub for Pakistanis seeking better economic prospects, especially in industries like construction, retail, and hospitality.
These workers are vital to Pakistan’s economy, sending back remittances that help support their families and improve the livelihoods of many individuals. The UAE is the second-largest source of remittances to Pakistan, contributing billions of dollars annually, which strengthens the nation’s economy and boosts the living standards of countless families.
Given the significance of these remittances, maintaining a stable exchange rate is crucial to avoid financial losses, particularly due to potential fraudulent activities. A stable rate ensures that Pakistani expatriates can continue to support their families effectively, contributing to the overall economic growth of the country.
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