UAE Dirham Likely to Fall Below Rs. 75 Against Pakistani Rupee

The United Arab Emirates Dirham (AED) may slip below Rs. 75 against the Pakistani Rupee (PKR) if economic uncertainty persists in the UAE, according to a day trader speaking to ProPakistani. On Wednesday, the PKR strengthened to 277.27 against the US Dollar, marking its 241st consecutive day of gains. This positive trend continued throughout the week, with the rupee rising against major currencies like the British Pound, Canadian Dollar, and Canadian Dollar.

However, the AED showed a slight dip, closing at 75.4881 against the PKR, marking its ninth consecutive day of stability. Despite minor fluctuations against several other currencies, the PKR's consistent gains against the USD and the AED's potential decline suggest a possible weakening of the UAE Dirham.