In Karachi, as reported by forex.pk, the UAE dirham was bought for Rs 75.25 and sold for Rs 76 in the Pakistani open market on Saturday.
On May 18, 2024, at 10:19 am, the UAE dirham increased by 10 paise against the Pakistani rupee in the open market, compared to the previous day’s closing rate of Rs 75.15.
AED to PKR Rate – 18 May 2024
| Date | Latest Exchange Rate | CHANGE |
|---|---|---|
| May 18, 2024 | Rs75.25 | 10paisas |
| source: forex.pk |
Over 1.71 million Pakistanis reside in the UAE, making up 16.73% of the Gulf country’s population. Pakistanis are the second largest ethnic group in the UAE after Indians. Since they earn in dirhams, the official currency of the UAE, they closely monitor the daily exchange rate.
The currency code for UAE dirham is AED, and it is divided into 100 fils.
To convert UAE dirhams to Pakistani rupees:
- As of May 18, 2024, the exchange rate was Rs 75.25 for 1 dirham. Therefore, 500 dirhams would be equivalent to Rs 37,625 Pakistani rupees, and 1000 dirhams would be equivalent to Rs 75,250 Pakistani rupees.
To convert dirhams to Pakistani rupees in Pakistan, individuals can visit bank branches or exchange companies.
