Islamabad, Apr 22, 2025: The exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) stood steady at Rs74.3 in the open market on Tuesday.
The selling rate of the Saudi Riyal was recorded at Rs74.9.
The official currency of Saudi Arabia is the Saudi Riyal, represented as SAR or SR. One Riyal is subdivided into 100 halalas.
Pakistan and Saudi Arabia share a longstanding and mutually beneficial relationship, with substantial financial support from the Saudi government bolstering Pakistan’s economy.
Recently, Saudi Arabia has extended its $3 billion deposit to Pakistan for an additional year, aimed at further fortifying the economic ties between the two nations.
Read More: Saudi Riyal to Pakistani Rupee Strengthens Again – 18 April 2025
Every year, millions of Pakistanis working in Saudi Arabia send substantial portions of their earnings back to their families in Pakistan.
These remittances play a crucial role in sustaining families, covering living expenses, funding education, and boosting local economies.
This economic interdependence strengthens the financial bonds between both countries.
Additionally, Saudi Arabia serves as a key employment destination for Pakistani workers.
Upon returning to Pakistan, many exchange Saudi Riyals for Pakistani Rupees (PKR), emphasizing the active currency flow between the nations.
Many Pakistani workers in Saudi Arabia contribute to the economy by sending remittances back home, providing a significant boost to Pakistan’s financial stability.
In other news, the price of 24-karat gold in Saudi Arabia remained stable at 4,675 SAR per tola on Tuesday.
According to Forex.pk, the cost of 10 grams of 24-karat gold in Saudi Arabia is currently SAR 4,013, with an ounce priced at 12,481 Saudi Riyals.
