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Pakistan–United Arab Emirates relations refer to bilateral relations between the Islamic Republic of Pakistan and the United Arab Emirates. These relations date back to the UAE's formation in 1971 [1], and have since evolved into wide-ranging co-operation in various fields. Pakistan was the first country to extend recognition of the United ...
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The UAE is the second largest source of remittances to Pakistan; in 2012, remittances from the UAE amounted to $2.9 billion. [14] See Migrant workers in the United Arab Emirates. The UAE is widely reported to be complicit in a modern-day slave trade of from Pakistan workers.
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In late January, Pakistan lifted the artificial cap on its currency, causing the rupee to plunge 20% against the dollar in a few days. The government raised fuel prices by 16%. And the Pakistani central bank raised its interest rate by 100 basis points to battle the country's highest inflation in decades, expected to be as high as 26% in January.
A partnership between the UAE government, the Galadari Brothers and the Dawn Media Group in Pakistan began publishing the daily on 16 April 1978, making it the first English daily in the UAE. [ 6 ] [ 7 ] The founding team consisted of Mahmoud Haroon , Muzammil Ahmed, M.J. Zahedi, Malcolm Payne (the first editor-in-chief) and Iqbal Noorie (in ...
The Pakistan rupee, which plumbed record lows on Sept. 5, recovered to below 300 per U.S. dollar on the open market earlier this week, rallying more than 10% from levels prevailing before the ...