Islamabad, Mar 6, 2025: The value of the Saudi Riyal PKR Rate to appreciate reaching Rs74.61 in the open market on Thursday, March 6, 2025.
Exchange companies adjusted their selling rate for 1 SAR, now offering it at Rs75.16, according to forex.pk.
As Saudi Arabia’s official currency, the Saudi Riyal is divided into 100 halalas. With the latest exchange rate, 1,000 SAR is now worth Rs74,610 in Pakistani currency.
Strengthening Pakistan-Saudi Arabia Relations
Earlier this week, Saudi Ambassador Nawaf bin Saeed Ahmad Al-Malkiy held a meeting with Deputy Prime Minister Ishaq Dar in Islamabad.
The two leaders reaffirmed their commitment to enhancing bilateral ties, particularly in trade and investment.
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A large Pakistani diaspora resides in Saudi Arabia, playing a vital role in remittance inflows—a crucial component of Pakistan’s foreign exchange reserves.
Remittances from Saudi Arabia Remain Strong
In January 2025, Pakistani expatriates in Saudi Arabia sent $728.3 million in remittances, though this marked a 5.5% decline compared to the previous month.
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However, the figure remained 24% higher than the $587.4 million recorded in January 2024.
With continued currency fluctuations and evolving economic ties, Saudi Riyal’s performance against the Pakistani rupee remains a key focus for traders, businesses, and expatriates.
