A significant number of Pakistani workers have found employment and business opportunities in the United Arab Emirates (UAE), making it a key destination for migrant labor.
The UAE has long been a major hub for Pakistanis seeking better economic prospects, with many leaving their home country to secure jobs in various sectors, including construction, retail, and hospitality. These workers play a crucial role in the economic stability of Pakistan, as they regularly send remittances back home to support their families and loved ones.
In fact, the UAE remains the second-highest source of workers’ remittances for Pakistan, with billions of dollars being transferred each year. These funds help improve the standard of living for countless families in Pakistan, contributing significantly to the country’s economy.
As of today, November 14, the buying rate of the UAE Dirham in Pakistan is unchanged at Rs. 75.35, as per forex.pk, while the selling rate stands at Rs. 76. This exchange rate offers a valuable opportunity for Pakistani expatriates to exchange their Dirhams at a fair rate, ensuring that their hard-earned money is converted at the current market value.
With many workers relying on these remittances to support their families back home, the stability of the exchange rate is vital to avoid any financial losses due to fraudulent practices. This helps ensure that Pakistani expatriates in the UAE can continue to provide for their loved ones and contribute to Pakistan’s economy with greater security and confidence.
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