Islamabad, Mar 17, 2025: The exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) remained stable in the open market on Monday, March 17, 2025, standing at Rs74.71.
According to the Forex Association of Pakistan, the selling rate also showed no change, maintaining its position at Rs75.11.
The Saudi Riyal (SAR) serves as Saudi Arabia’s official currency, with one Riyal comprising 100 halalas.
The economic relationship between Pakistan and Saudi Arabia has remained robust, as the Kingdom frequently extends financial assistance to Pakistan during crucial periods.
Steady Growth in Pakistan’s Remittances
Pakistan continues to witness rising remittance inflows, as overseas workers sent $3.1 billion in February 2025, reflecting a 3.8% increase compared to January 2025, as per the State Bank of Pakistan (SBP).
On a yearly basis, remittances experienced a remarkable 38.6% growth, rising from $2.25 billion in February 2024.
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The consistent increase in remittance inflows remains a vital support for Pakistan’s foreign exchange reserves and overall economic stability.
Saudi Arabia: The Top Contributor in Remittances
Pakistani workers in Saudi Arabia played a crucial role in remittance inflows, contributing $744.4 million in February 2025—the largest share among all countries.
This amount marks a 2.21% increase from January 2025, demonstrating the consistent financial contributions of Pakistani expatriates.
Moreover, on a yearly comparison, remittances from Saudi Arabia witnessed a substantial growth of 37.88%, reinforcing the significant role of the Kingdom in Pakistan’s economy.
The continuous surge in remittances from Saudi Arabia not only highlights the strong financial ties between the two nations but also provides economic relief amid Pakistan’s financial challenges.
With remittances playing a critical role in stabilizing Pakistan’s economy, policymakers remain focused on facilitating overseas workers and ensuring a seamless transfer process to maximize foreign inflows.
