UAE Dirham faced a decline against Pakistani Rupee on 9th August 2023. The domestic currency has appreciated against foreign currencies following the approval of the IMF dividend plug-in back scheme.
The plug-in scheme is anticipated to produce a positive impact on Pakistan’s economy through the projected reduction of a whopping Rs. 400 billion debt off the gas sector.
In the Money Market, the main 6-Month Karachi Interbank Bid and Offer rates went up slightly by 3 basis points to 22.72% and 22.97%.
According to the statistics revealed, the UAE Dirham has observed a decline of 12.74 paise, reaching Rs. 76.62. The rate of UAE Dirham on 8th August was Rs. 76.75.
