KARACHI/DUBAI- Feb. 3, 2026: The UAE Dirham has given back all of Friday’s gains, slipping 38 paisas to Rs 76.16 against the Pakistani Rupee in early inter-bank and open-market trade, currency dealers confirmed.
Click Here for Latest AED TO PKR rates
1. Month-end dollar selling: Pakistani exporters converted $420 million of proceeds, flooding the local market with greenbacks and dragging the AED peg lower.
2. Soft oil cue: Brent crude dipped 1.8 % to $77.2/bbl, trimming Gulf-based demand for Dirham transfers.
3. Pre-Ramadan liquidity: UAE banks released surplus Dirham balances ahead of the expected 1 March fasting start, widening AED supply.
The retreat erases yesterday’s four-week high of 76.54 and parks the pair exactly where it traded on 29 January.
Smaller wallet, stable lifeline
A Sharjah supermarket cashier remitting 3,000 AED today receives Rs 228,480—Rs 1,140 less than Friday—but still enough to cover three months of house rent in Faisalabad or a full medical check-up in Karachi. Monthly UAE-to-Pakistan flows remain solid at $730 million, State Bank figures show, keeping the current-account gap manageable.
UAE Dirham to Pakistani Rupee snapshot
Today (31 Jan): 76.16 PKR
Daily change: –0.38 PKR
2026 high: 76.54 PKR (30 Jan)
2026 low: 76.16 PKR (today)
YTD gain: 0.95 %
“Dirham softness should be temporary,” says Mustafa Kamal, senior dealer at Al-Fardan Exchange. “If Pakistan’s reserves rise above $12 billion on expected IMF review approval, we could see 76.00 next week; otherwise, a rebound toward 76.60 is likely once oil stabilises.”
Compare rates before 2 PM GST—Dubai money houses often tighten spreads ahead of the weekend, but Friday afternoon demand can briefly lift the Dirham again.