The UAE Dirham is currently trading at Rs. 75.95 (buying) and Rs. 76.95 (selling) in the open market, while its interbank value remains closely aligned due to its peg with the US Dollar.
The Dirham is playing a crucial role in Pakistan’s economy, as a large portion of remittances is coming from the United Arab Emirates.
The current exchange rate is supporting inflows, helping stabilise foreign reserves. However, imports from the UAE, including petroleum products and consumer goods, are becoming slightly costlier, contributing to inflationary trends.
The ongoing stability of the Dirham is providing some predictability for businesses engaged in bilateral trade.
