Islamabad, Feb 6: On Thursday, February 6, 2025, the Saudi Riyal (SAR) experienced a modest rise in Pakistan’s open market, gaining 0.02 paisas to reach a value of Rs74.39. Additionally, the selling price saw a slight uptick, reaching Rs74.60 by the fourth business day of the week.
The Saudi Riyal, represented by the code SAR or SR, is the official currency of Saudi Arabia. It is subdivided into 100 halalas, with one Riyal equal to 100 smaller units.
As of today, February 6, the exchange rate for the Saudi Riyal stands at Rs74.39 in the open market. This means that 1,000 Saudi Riyals are currently worth Rs74,390 in Pakistani Rupees.
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Saudi Riyal to Pakistani Rupee Rate 2025: Latest Trends
Saudi Arabia continues to be a key source of remittances for Pakistan. In December 2024, Pakistani expatriates working in the kingdom sent a record $770.6 million back home, marking a 6% increase compared to the previous month. Moreover, the figure represents a remarkable 33% rise in remittances compared to December 2023, highlighting the growing financial link between the two countries.
In conclusion, the Saudi Riyal’s slight appreciation in the Pakistani market reflects its ongoing importance in bilateral trade and remittance flows. With a strong remittance contribution from Pakistani workers in Saudi Arabia, the Riyal’s exchange rate remains crucial for the financial ties between the two nations.
