MM News

The UAE Dirham gained three paisas against the Pakistani rupee on Wednesday compared to the previous session. The buying rate of the Dirham in Pakistan today, December 18, is Rs. 75.76, up by two paisas, according to the Forex Association of Pakistan. The selling rate stands at Rs. 76.41.

Pakistan and the UAE share a strong and longstanding relationship, marked by deep economic, cultural, and political ties. With over 2.09 million Pakistanis living in the UAE, comprising 16.72% of the population, their influence is significant, according to Global Media Insight.

The Pakistani expatriate community plays a vital role in sectors like construction, hospitality, and retail, while their remittances support families back home and boost the economy. These connections also foster stronger trade and investment links between the two countries.

The UAE is a key trade partner for Pakistan, importing textiles, fruits, and rice, and exporting machinery, equipment, and petroleum products. Bilateral trade continues to thrive, with ongoing efforts to strengthen cooperation.

Culturally, the UAE hosts events celebrating Pakistani heritage, with Pakistani music, cuisine, and arts widely enjoyed. The two nations also work together on regional peace, security, and economic stability.

Their mutual support has further solidified their bond, with the UAE providing humanitarian aid to Pakistan during crises, and Pakistan serving as a reliable partner on regional and global issues.