Islamabad, Apr 18, 2025: The Forex Association of Pakistan’s data shows that the selling price of the Riyal has risen, now trading at Rs75.32 on the fifth day of the business week.
The abbreviation SAR or SR denotes the Riyal (SAR), the official currency of Saudi Arabia. It is divided into 100 halalas, with one Riyal equaling these 100 sub-units.
This marks an increase in value for the Riyal.
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SAR to PKR Current Exchange Rate
1 SAR = Rs74.78
1,000 SAR = Rs74,780
However, The State Bank of Pakistan (SBP) recently revealed that Pakistan’s remittances saw a significant surge, reaching an all-time high of $4.1 billion in March 2025.
This is the first instance of monthly remittances surpassing the $4 billion threshold. In comparison to March 2024, this represents a 37.3% year-over-year increase and a 29.8% rise month-on-month from February 2025.
Although, a considerable portion of this amount came from Pakistani workers in Saudi Arabia, who contributed $987 million. This marks a 33% increase compared to February 2025, when it stood at $744 million.
However, on a year-on-year basis, the remittances from Saudi Arabia have jumped by 40%, with the March 2024 figure standing at $704 million.
The strong relationship between Pakistan and Saudi Arabia extends beyond their shared religious ties and includes solid diplomatic and economic cooperation.
Saudi Arabia remains one of Pakistan’s key economic allies, offering financial assistance and investment opportunities.
The Pakistani community in Saudi Arabia plays a significant role in both the local Saudi economy and in the substantial flow of remittances to Pakistan.
Furthermore, Estimates suggest there are approximately 2.5 to 2.7 million Pakistanis residing in Saudi Arabia, who continue to make valuable contributions.
