The UAE Dirham remained a focal point for the Pakistani economy on Wednesday, driven by the deep-rooted trade ties and the massive expatriate workforce in the Emirates. The interbank market saw the Dirham trading at a buying rate of Rs. 75.95 and a selling rate of Rs. 76.10. In the open market, the rates were slightly higher, with buying at Rs. 76.15 and selling at Rs. 77.25.
​The Dirham’s performance is intrinsically linked to the inflow of remittances, which serve as a lifeline for Pakistan’s current account.
A stable Dirham ensures that the purchasing power of families reliant on overseas transfers remains protected. On the trade front, the UAE remains one of Pakistan’s largest trading partners; thus, a predictable exchange rate facilitated smoother transactions for the import of refined oil and the export of food products, contributing to a more balanced trade environment.
