The UAE Dirham (AED) saw a slight devaluation against the Pakistani rupee in the open market, standing at Rs76.13 on Thursday, 27 February 2025.

The selling rate also declined marginally by one paisa, now available at Rs76.63 in the local currency market, according to forex monitoring sources.

The Dirham is the official currency of the United Arab Emirates. Pakistani expatriates frequently exchange AED to PKR for remittances and other financial transactions.

The exchange rate for the UAE Dirham in Pakistan’s open market is Rs76.13. This means 1,000 Dirhams can be converted to Rs76,130 in Pakistani currency.

Remittances from UAE

The UAE is home to over two million Pakistani expatriates, many of whom contribute significantly to Pakistan’s foreign exchange reserves through remittances.

In January 2025, overseas Pakistanis in the UAE sent $622 million back home. While this reflected a monthly decline, the amount was 53% higher compared to the remittances recorded in January 2024.

Pakistan and the UAE share deep-rooted economic and cultural ties, with the Gulf nation extending financial support to Pakistan in crucial times.

Recently, the UAE rolled over two deposits of $1 billion each, placed with Pakistan’s central bank, for another year—providing stability to the country’s foreign reserves.