Karachi: The UAE Dirham is trading steadily against the Pakistani rupee as workers in Dubai, Abu Dhabi and other emirates are continuing to send regular remittances home.
According to open market data, the UAE Dirham (AED) is being bought at Rs. 76.50 and sold at Rs. 77.30.
The UAE remains one of the biggest employment hubs for Pakistanis working in retail, construction, transport and hospitality sectors. Their monthly transfers are playing a major role in strengthening Pakistan’s foreign exchange reserves.
Because of frequent travel and remittance flows, the Dirham is staying among the most commonly exchanged currencies in the market.
The rupee is currently showing stable behavior against the Dirham as economic activity continues
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