Islamabad, Mar 24, 2025: The exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) remained unchanged in the open market on Monday, March 24, 2025. The buying rate stood at Rs74.71, while the selling rate remained steady at Rs75.11.
SAR to PKR Rate Today:
- 1 SAR = Rs74.71 (March 24, 2025)
Understanding the Saudi Riyal (SAR)
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, often denoted as SAR or SR.
It is further divided into 100 halalas.
The exchange of SAR into PKR or other global currencies such as US Dollars (USD) and UAE Dirhams (AED) is a common financial activity for travelers, businesses, and overseas workers.
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Strengthening Pakistan-Saudi Relations
Pakistan and Saudi Arabia share strong diplomatic and economic ties, with both nations consistently working to enhance cooperation across various sectors.
During a high-level meeting in Jeddah, Prime Minister Muhammad Shehbaz Sharif met Saudi Crown Prince and Prime Minister Mohammed bin Salman to discuss strategic collaboration.
The meeting was attended by key officials, including Deputy Prime Minister and Foreign Minister Ishaq Dar, Chief of Army Staff General Syed Asim Munir, and Punjab Chief Minister Maryam Nawaz.
Discussions focused on advancing defense, security, and economic partnerships, highlighting the importance of Saudi investments in Pakistan’s infrastructure and trade sectors.
Overseas Pakistanis residing in Saudi Arabia played a vital role in supporting Pakistan’s economy, as remittances from Saudi Arabia reached $744.4 million in February 2025.
This reflects a 2.21% monthly increase and a 37.88% rise compared to the previous year.
The steady inflow of remittances helps stabilize the Pakistani Rupee and contributes significantly to the country’s foreign reserves.
The exchange rate of the Saudi Riyal against the Pakistani Rupee remains stable as of March 24, 2025.
Additionally, the strong economic ties between Pakistan and Saudi Arabia, along with increasing remittance flows, continue to support Pakistan’s financial stability.
For the latest updates on currency exchange rates, stay connected with reliable financial sources.
