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UAE Dirham Steady at 76.44 PKR – Exchange Rate Update for May 24, 2025

AZB Editor
May 24, 2025
UAE Dirham Holds Steady at PKR 76.44 – Exchange Rate Update for May 23, 2025
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Karachi – May 24, 2025 : The UAE Dirham (AED) remained stable against the Pakistani Rupee (PKR) in the open market today, trading at 76.44 PKR, according to the latest exchange data from local currency markets.

This continued stability reflects a balanced flow of remittances and strong economic fundamentals in both the United Arab Emirates and Pakistan, particularly benefiting the millions of Pakistanis residing in the UAE.

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How the AED-PKR Exchange Rate Works

The value of the AED against the PKR is shaped by a mix of market forces, central bank policies, and macroeconomic trends:

  • AED Peg to USD: Since 1997, the UAE Dirham has been pegged to the US Dollar at a rate of approximately 3.67 AED/USD. This peg, backed by the UAE Central Bank, ensures that the Dirham moves in tandem with the dollar, providing stability for international transactions.
  • PKR Floating Exchange System: The Pakistani Rupee, in contrast, operates under a managed float. Its value is influenced by foreign reserves, remittance flows, trade balances, and inflation levels. The $3.1 billion deposit from the UAE in February 2025 also played a vital role in supporting the PKR.

As of today:

  • Interbank Rate: Buying at 76.67 PKR
  • Open Market Rate: Selling around 77.25 PKR
    Rates are updated daily at 8:00 AM PKT and may fluctuate based on real-time market movements.

Why This Stability Matters

The consistent AED-PKR rate benefits both economies and their stakeholders:

  • For Over 2 Million Pakistani Workers in the UAE: A steady rate ensures predictable remittance values, crucial for families and small businesses in Pakistan that depend on this income.
  • For Trade: Stable exchange rates minimize currency risk for importers and exporters dealing in food, textiles, electronics, and construction materials between Pakistan and the UAE.
  • For the Pakistani Economy: Remittances from the UAE are among the top sources of foreign exchange, helping Pakistan manage its current account and foreign reserve position.

Currency analysts note that while the AED-PKR rate is currently stable, future volatility could emerge due to:

  • Global oil price shifts
  • US Dollar movements
  • Regional geopolitical developments

Currency Profiles

UAE Dirham (AED)

  • Introduced: 1973
  • Issued by: UAE Central Bank
  • Pegged to: USD at 3.67
  • Backed by: Oil exports, tourism, and diversified investment policies
  • Used across all seven emirates, notably in Dubai and Abu Dhabi

Pakistani Rupee (PKR)

  • In circulation since: 1947
  • Managed by: State Bank of Pakistan
  • Operates under: Managed float system
  • Influenced by: Inflation, foreign reserves, and international aid
  • Symbol: ? or Rs.

 

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AZB Editor

AZB Editor

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