Islamabad, Mar 23, 2025: The exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) remained stable in the open market, standing at Rs74.71 on Sunday.
Similarly, the selling price held steady at Rs75.11, as per the latest updates from the Forex Association of Pakistan.
Current SAR to PKR Exchange Rate:
1 SAR = Rs74.71 (March 23, 2025)
The Saudi Riyal (SAR), the official currency of Saudi Arabia, is commonly denoted as SAR or SR and is further divided into 100 halalas.
Pakistan-Saudi Arabia Strengthen Bilateral Relations
Pakistan and Saudi Arabia have reaffirmed their commitment to strengthening bilateral relations, particularly in defence and security cooperation.
This pledge was emphasized during a high-level meeting in Jeddah between Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman.
The Pakistani delegation included notable figures such as Deputy Prime Minister and Foreign Minister Senator Ishaq Dar, Chief of Army Staff General Syed Asim Munir, and Punjab Chief Minister Maryam Nawaz.
Both sides expressed their dedication to fostering collaboration in multiple sectors, further reinforcing the deep-rooted historical ties between the two nations.
Rise in Workers’ Remittances to Pakistan
In a positive economic development, Pakistan received $3.1 billion in workers’ remittances in February 2025, reflecting a 3.8% increase from January 2025, according to data from the State Bank of Pakistan (SBP).
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On a year-on-year basis, remittances surged by 38.6%, rising from $2.25 billion in February 2024.
Saudi Arabia remained the largest source of remittance inflows to Pakistan, with overseas Pakistanis transferring $744.4 million in February 2025.
This marks a 2.21% monthly increase and a 37.88% rise compared to the previous year.
With the Saudi Riyal maintaining its exchange rate against the Pakistani Rupee and Pakistan witnessing a significant rise in remittances, economic indicators appear stable.
Additionally, the renewed diplomatic ties between Pakistan and Saudi Arabia highlight continued collaboration in key sectors.
Stay tuned for further updates on exchange rates and economic trends.
