The UAE is a key destination for Pakistani workers seeking better job and business opportunities. Many Pakistanis work in sectors like construction, retail, and hospitality, playing a crucial role in supporting their families and strengthening Pakistan’s economy.
UAE’s Role in Pakistani Remittances
The UAE remains one of the top sources of remittances for Pakistan, ranking second after Saudi Arabia. Each year, Pakistani workers in the UAE send billions of dollars back home. These funds help improve the living standards of countless families and significantly boost Pakistan’s economy.
Exchange Rate Update
As of today, November 14, the buying rate for the UAE Dirham in Pakistan is Rs. 75.35, and the selling rate is Rs. 76, according to forex.pk. This stable exchange rate allows Pakistani expatriates to convert their Dirhams at a fair value, ensuring their hard-earned money retains its worth.
Importance of Stable Exchange Rates
For many workers, remittances are a lifeline for their families. A stable Dirham-to-PKR rate is crucial to avoid financial losses and prevent fraud. This stability ensures that Pakistani expatriates in the UAE can confidently support their loved ones while contributing to Pakistan’s economic growth.
