Islamabad, Feb 10: The exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) remained stable at Rs74.40 in the open market on Monday, February 10, 2025. The selling rate also showed no fluctuation, maintaining a value of Rs74.63 as the new business week began.
The Saudi Riyal, abbreviated as SAR or SR, is the official currency of Saudi Arabia. One Riyal consists of 100 halalas. The currency plays a vital role in Pakistan’s economy due to strong financial ties between the two nations.
Pakistan and Saudi Arabia share a long-standing economic and diplomatic relationship. The kingdom has provided substantial financial support to Pakistan over the years. Recently, Saudi Arabia extended a $3 billion deposit for another year to help stabilize Pakistan’s economy, demonstrating its ongoing commitment to financial assistance.
Each year, a large number of Pakistani expatriates work in Saudi Arabia and send significant remittances back home. These funds help families cover daily expenses, invest in education, and contribute to the local economy. The steady flow of remittances highlights the economic interdependence between the two countries.
Additionally, Saudi Arabia remains a key destination for Pakistani laborers seeking employment opportunities. Upon returning home, many workers exchange their earnings in Saudi Riyals for Pakistani Rupees, reflecting the active currency exchange between the two nations.
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The stability of the SAR to PKR exchange rate is crucial for businesses and individuals involved in cross-border trade and remittances. As both nations continue to strengthen their economic ties, currency exchange trends will remain an important indicator of financial stability and growth.
For the latest updates on currency exchange rates, market trends, and financial developments, stay tuned to reliable financial sources.
