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As of today, November 23, 2024, the exchange rate for the UAE Dirham in Pakistan has slightly weakened. The buying rate now stands at Rs. 75.62, reflecting a decrease of five paisas, while the selling rate is Rs. 76.27, according to the Forex Association of Pakistan.
The United Arab Emirates (UAE) continues to play a crucial role as a destination for Pakistani workers, offering a wide range of employment and business opportunities. For many years, it has served as a vital hub for Pakistanis seeking better economic prospects, particularly in sectors such as construction, retail, and hospitality.
These workers are instrumental in contributing to Pakistan’s economic stability through the remittances they send back home. These financial transfers support their families and significantly enhance the livelihoods of numerous individuals.
The UAE remains the second-largest source of remittances to Pakistan, sending billions of dollars annually, which in turn strengthens Pakistan’s economy and improves the living standards of many families.
Given the reliance on these remittances, ensuring a stable exchange rate is essential to safeguard against financial losses from potential fraudulent activities. Stability in the exchange rate allows Pakistani expatriates to confidently continue their support for their loved ones, further contributing to Pakistan’s economic growth.
