KARACHI – The UAE Dirham (AED) recorded massive dip in open market of Pakistan as it stood at 77.38 on Friday.
The selling rate of the Dirham also dropped and stood at Rs77.88, according to the Forex Association of Pakistan.
The AED to PKR exchange rate is monitored regularly as a huge number of Pakistani expats engage in jobs and business in the UAE. They are also the second major source of remittances for Pakistan.
As per the latest SBP statistics, overseas Pakistanis residing in the UAE sent $717.2 million in wake of remittances in June 2025, grabbing second top position in the chart of the workers’ remittances as the first spot is held by Saudi Arabia.
Pakistan recorded workers’ remittances inflow of $3.4 billion in June 2025.
According to the data released by the State Bank of Pakistan (SBP) on Wednesday, workers’ remittances increased by 7.9 per cent on a year-on-year basis.
During fiscal year 2024-25, workers’ remittances rose by 26.6 per cent to $38.3 billion as compared with $30.3 billion in 2023-24.
Remittances during June 2025 were mainly sourced from Saudi Arabia ($823.2 million), United Arab Emirates ($717.2 million), United Kingdom ($537.6 million) and United States of America ($281.2 million).
Pakistani Rupee (PKR)
The Pakistani Rupee is the official currency of Pakistan, issued and regulated by the State Bank of Pakistan. It plays a key role in the country’s economy, influencing trade, inflation, and monetary policy. The rupee’s value is affected by various factors including imports, exports, remittances, and political stability. It is widely used for domestic transactions and is mostly traded in regional markets. Currency fluctuations can impact fuel prices, loan repayments, and the cost of living.
UAE Dirham (AED)
The UAE Dirham is the official currency of the United Arab Emirates, issued by the Central Bank of the UAE. Pegged to the US dollar, it offers financial stability and is widely trusted for both local and international transactions. The dirham supports the UAE’s global trade, tourism, and investment sectors. Its fixed exchange rate provides predictability in foreign trade and remittances, making it a preferred currency for expatriates and businesses operating in the region.