The UAE Dirham saw a slight increase of 5 paisa in Pakistan’s open market compared to the previous close of Rs75.85. As of February 1, the buying rate of the Dirham in Pakistan is Rs75.90, while the selling rate stands at Rs76.50, according to the Forex Association of Pakistan.
The Pakistani expatriate community plays a vital role in sectors like construction, hospitality, and retail in the UAE. Their remittances not only support families in Pakistan but also bolster the national economy, strengthening ties between the two nations and fostering trade and investment.
As reported by Pak Observer, Pakistan and the UAE share a deep and longstanding relationship built on economic, cultural, and political connections. With over 2.09 million Pakistanis residing in the UAE, comprising 16.72% of its population, their contributions are significant, according to Global Media Insight.
The UAE is one of Pakistan’s leading trading partners, importing textiles, fruits, and rice, while exporting machinery, equipment, and petroleum products. Bilateral trade remains strong, with both nations committed to enhancing collaboration.
Culturally, the UAE frequently hosts events celebrating Pakistani heritage, such as music, cuisine, and art, which are widely appreciated. The two countries also cooperate on initiatives for regional peace, security, and economic development.
The relationship is further reinforced by mutual support during crises. The UAE has provided humanitarian aid to Pakistan during emergencies, while Pakistan remains a reliable partner on regional and global issues.
