AED to PKR rate: Dirham exchange rate for Pakistan, 2 December 2024

As of Monday, December 2, 2024, the exchange rate for the UAE Dirham in Pakistan remained unchanged. The buying rate stands at Rs. 75.70, while the selling rate remains at Rs. 76.35, according to the Forex Association of Pakistan.

The UAE continues to be a crucial destination for Pakistani workers, offering significant employment opportunities in sectors such as construction, retail, and hospitality. Pakistani expatriates play a vital role in Pakistan’s economy by sending remittances that provide essential financial support to their families and contribute to the nation’s economic growth.

These remittances make the UAE the second-largest source of foreign remittances for Pakistan, strengthening foreign exchange reserves and driving economic development. Maintaining a stable exchange rate is key to protecting the value of remittances, allowing expatriates to support their families effectively and sustain the economic well-being of Pakistan.

The relationship between Pakistan and the UAE extends far beyond remittances. The UAE is one of Pakistan’s key strategic partners, with strong ties in trade, investment, and political cooperation. Pakistan exports a variety of goods to the UAE, including textiles, rice, and chemicals, while also benefiting from the UAE’s investments in various sectors within Pakistan, such as energy, infrastructure, and real estate. The UAE has also played a significant role in providing aid to Pakistan during times of need, contributing to disaster relief and humanitarian efforts.

In addition to the economic and trade connections, the people-to-people ties between the two nations are deeply rooted in shared cultural, religious, and historical bonds. The UAE is home to a large Pakistani expatriate community, and the strong connections between the two nations are reinforced by frequent high-level visits and cooperation in regional and international forums. The UAE also remains a popular destination for Pakistani pilgrims traveling for religious purposes, especially for Umrah and Hajj, further strengthening the ties between the two countries.