UAE Dirham to Pakistani Rupee Rate Today- May 9, 2025
- By Web Desk -
- May 09, 2025
Karachi, May 09, 2025 – The UAE Dirham (AED) was stable against the Pakistani Rupee (PKR) today, selling at 76.55 PKR in the open market, as per the latest currency exchange market updates. This stability indicates a phase of relative tranquility in the AED-PKR exchange rate, fueled by consistent remittance inflows and balanced economic conditions between Pakistan and the UAE.
Valuation Process of AED-PKR Exchange Rate
The UAE Dirham-Pakistani Rupee exchange rate is driven by a mix of market forces and central bank policies. The AED is fixed to the US Dollar at a rate of around 3.67 AED per 1 USD, a policy followed by the Central Bank of the UAE since 1997. The peg makes the Dirham stable in international markets, as its value fluctuates in parallel with the US Dollar, supported by the UAE’s strong oil-based economy and diversified investments.
1 UAE Dirham= 76.55 Pakistani Rupees
Conversely, the PKR has a managed float arrangement, where it is determined by supply and demand in the foreign exchange market while the State Bank of Pakistan occasionally intervenes to stabilize fluctuations. The major influences on the PKR’s value are Pakistan’s foreign exchange reserve, trade accounts, inflation rate, and inflows of remittances from the UAE alone, which witnessed $3.1 billion remittances during February 2025.
The AED-PKR exchange rate is derived daily by using the interbank market rates as well as open market deals. The selling and buying rates are determined by exchange companies and banks, as today’s rates indicate a buying rate of 76.55 PKR and a selling rate of around 77.25 PKR, which represents a minor premium for sellers. Such exchange rates are updated regularly, usually at 8:00 AM Pakistan Standard Time, and can change during the course of the day according to market conditions.
Influence of Stability
The stability of the AED at 76.55 PKR has considerable implications for both Pakistan and Pakistani expats within the UAE. For more than two million Pakistani expats within the UAE, a stable exchange rate means a predictable remittance value, facilitating their ability to support investments and families in Pakistan. The stable rate also favors companies undertaking trade between the two countries, especially in areas such as food, textiles, and building materials, by eliminating currency risk.
For the economy of Pakistan, the consistent AED-PKR rate favors remittance inflows, a key element of the foreign exchange reserves of the country. The stability is explained by analysts as being due to balanced trade activity, enhanced forex reserves, and decreased speculative pressure in the currency market. The UAE continues to be one of Pakistan’s most important financial conduits, with remittances serving as a key factor in stabilizing the PKR against foreign currencies.
But the PKR’s managed float system exposes it to domestic forces like inflation and trade deficits. Currency analysts recommend that although the AED-PKR rate is firm today, traders and investors need to watch global oil prices and geopolitical tensions, which might affect the US Dollar and consequently the Dirham’s value.
Introduction to AED and PKR
The UAE Dirham (AED), introduced in 1973, is the official currency of the United Arab Emirates, replacing the Qatar and Dubai Riyal. Issued by the Central Bank of the UAE, it is subdivided into 100 fils and abbreviated as “د.إ” or “Dhs.” The Dirham’s peg to the US Dollar ensures its stability, bolstered by the UAE’s oil-rich economy, fiscal discipline, and status as a global trade hub. It is utilized throughout all seven emirates, including Abu Dhabi and Dubai, and is commonly used in regional tourist destinations.
The Pakistani Rupee (PKR), which has been in circulation since Pakistan gained independence in 1947, is the official Pakistani currency, which is divided into 100 paise. Represented as “₨” or “Rs,” it is issued by the State Bank of Pakistan. The value of the PKR is determined by a managed float system, and thus it is more unstable compared to the AED based on domestic economic determinants such as inflation, trade deficits, and foreign exchange reserves. The currency is very critical in Pakistan’s economy, and expatriate remittances, including those in the UAE, play a major role in determining its stability.
The stability of the UAE Dirham at 76.55 PKR today highlights the bilateral economic relationship between Pakistan and the UAE, spurred by remittances and commerce. While the AED derives advantage from being pegged to the US Dollar, the value of the PKR is determined by Pakistan’s overall economic fundamentals. This consistent exchange rate is confidence-inspiring for expats and businesses but caution is suggested as global and domestic factors might affect future movements. For the most recent AED-PKR rates, people are advised to approach banks or authorized exchange companies.