As of Saturday, November 30, 2024, the exchange rate for the UAE Dirham in Pakistan experienced a minor increase. The buying rate rose by one paisa, now standing at Rs. 75.70, while the selling rate edged up to Rs. 76.35, according to the Forex Association of Pakistan.
The UAE continues to serve as a vital destination for Pakistani workers, providing significant employment and business opportunities. Sectors such as construction, retail, and hospitality remain the primary avenues for economic engagement by Pakistani expatriates in the UAE.
These workers play a crucial role in bolstering Pakistan’s economy by sending remittances that support their families and uplift countless households. As the second-largest source of remittances to Pakistan, the UAE contributes billions of dollars annually, reinforcing foreign exchange reserves and driving economic growth.
With the importance of these remittances, ensuring a stable exchange rate remains essential. A steady rate helps safeguard expatriates’ hard-earned money from potential financial losses and supports their ability to contribute effectively to the economic well-being of their families and the nation.
