UAE Dirham to PKR Exchange Rate Falls, Impacting Trade
The decrease in the Dirham's value has significant implications for trade and remittances, with a 22% decrease in remittances from March 2025 to April 2025, but a 21% increase from April 2024, highlighting the need for a stable exchange rate for consistent economic growth.
The value of the UAE Dirham has decreased in Pakistan's open market, with 1 AED currently buying at Rs76.65 and selling at Rs77.30, affecting exchange rates and trade balances. This fluctuation in the Dirham's value has significant implications for businesses operating internationally, particularly those relying on remittances from the UAE.
The exchange rate of Dirham to PKR has been a crucial factor in determining the trade balance between the two countries. The recent decrease in the Dirham's value is expected to influence the profitability of businesses, especially those involved in international trade. The impact of this decrease will be closely monitored by businesses and economists alike, as it may lead to adjustments in trade strategies and investment decisions.
Remittances from the UAE have also been affected, with a 22% decrease from $841.9 million in March 2025 to $657.6 million in April 2025. However, compared to April 2024, there was a 21% increase from $542.5 million. This fluctuation in remittances highlights the need for a stable exchange rate to ensure consistent economic growth and development.
As the exchange rate of Dirham to PKR continues to fluctuate, it is essential for businesses and individuals to stay informed about the latest developments. The impact of these fluctuations on trade balances and remittances will be closely watched, and adjustments will be made accordingly to ensure economic stability and growth.