The exchange rate of the UAE Dirham (AED) fell slightly against the Pakistani Rupee (PKR) in Pakistan’s open market. The exchange rate stood at Rs75.95 for one Dirham, while the selling rate was recorded at Rs76.6. This marks a dip in the value of the UAE currency in comparison to the previous rates.

The UAE Dirham is the official currency of the United Arab Emirates, and many Pakistani expatriates in the Gulf region frequently exchange their earnings into Pakistani Rupees. In the open market, 1,000 AED is equivalent to Rs75,950.

Remittances from over two million Pakistanis residing in the UAE continue to play a significant role in Pakistan’s economy. In January 2025, Pakistan received $622 million in remittances from the UAE, showing a monthly decline but a 53% increase from the previous year.

The drop in exchange rates comes amid a visit by the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed, who reaffirmed the UAE’s support for Pakistan’s economic growth and signed several agreements to strengthen bilateral relations.