Pakistan dirham exchange rate for November 23, 2024
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Today, as of November 23, 2024, the exchange rate of United Arab Emirates dirham in Pakistan has weakened slightly. The purchase price is now at Rs. 75.62, showing a shortfall of five paise, while the selling rate is Rs. 76.27, according to Forex Association of Pakistan.
The United Arab Emirates (UAE) is playing an important role as a destination for Pakistani workers, offering a wide range of employment and business opportunities. Over the years, it has served as an important hub for Pakistanis seeking better economic prospects, particularly in sectors such as construction, retail and hospitality.
These workers are playing an important role in the economic stability of Pakistan by repatriating remittances. These financial transfers support their families and significantly increase the livelihoods of many.
The UAE remains Pakistan’s second largest source of remittances, sending billions of dollars annually, which in turn strengthens Pakistan’s economy and improves the standard of living for many families.
Given the dependence on these remittances, it is important to ensure a stable exchange rate to protect against financial losses from possible fraudulent activities. Exchange rate stability allows Pakistani expatriates to continue supporting their loved ones with confidence, further supporting Pakistan’s economic growth.
