Islamabad, Mar 15, 2025: The exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) surged to Rs74.71 in the open market.
The selling price of the Saudi Riyal was recorded at Rs75.11.
Saudi Arabia’s official currency is the Saudi Riyal, denoted as SAR or SR. One Riyal is further divided into 100 halalas.
Pakistan and Saudi Arabia maintain a long-standing and mutually advantageous relationship, reinforced by significant financial support from the kingdom.
Recently, Saudi Arabia renewed its $3 billion deposit with Pakistan for another year, ensuring continued economic stability for the South Asian nation.
Every year, millions of Pakistani expatriates employed in Saudi Arabia remit substantial amounts of money to Pakistan.
These remittances play a crucial role in sustaining household expenses, funding education, and stimulating local businesses.
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This continuous financial flow further fortifies the economic ties between the two countries.
Additionally, Saudi Arabia remains a primary destination for Pakistani laborers seeking employment.
Upon returning home, these workers convert their Saudi Riyals into Pakistani Rupees (PKR), reflecting the high volume of currency exchange activities between both nations.
Meanwhile, the price of 24-karat gold in Saudi Arabia witnessed an increase, reaching 4,182 Saudi Riyals (SAR) per tola on Saturday, March 15, 2025.
As per Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is priced at SAR 3,589. Moreover, an ounce of gold is being traded at SAR 11,165.
