Islamabad, May 1, 2025: The Saudi Riyal (SAR) experienced a slight dip against the Pakistani Rupee (PKR) in Pakistan’s open currency market, slipping by one paisa to settle at Rs74.90.
By the end of the fourth business day of the week, the selling price of the Saudi Riyal also softened, closing at Rs75.44.
SAR to PKR Exchange Rates – May 1, 2025
- 1 Saudi Riyal = Rs74.90
- 1,000 Saudi Riyals = Rs74,900
The Saudi Riyal, often abbreviated as SAR or SR, serves as Saudi Arabia’s national currency and is subdivided into 100 halalas.
Strong Pakistan-Saudi Arabia Relations
Pakistan and Saudi Arabia share a long-standing relationship rooted in diplomatic ties, cultural connections, and robust economic partnerships.
This bond, shaped by shared Islamic traditions and mutual strategic goals, has continued to deepen over the decades.
Saudi Arabia remains one of Pakistan’s most vital economic partners, consistently providing financial assistance, investments, and crucial oil supplies during challenging times.
Pakistani Community in Saudi Arabia
With approximately 2.5 to 2.7 million Pakistanis currently living and working in Saudi Arabia, this expatriate population stands among the largest overseas Pakistani communities worldwide.
These workers not only help fuel Saudi Arabia’s workforce but also play a crucial role in bolstering Pakistan’s economy by sending home significant remittance flows.
Latest Remittance Figures
In February 2025, Pakistani workers in Saudi Arabia transferred $744.4 million in remittances back home. This reflects:
- A 2.21% increase compared to January 2025
- A 37.88% surge over February 2024 figures
Such remittances are a cornerstone of Pakistan’s foreign exchange earnings, helping stabilize the country’s financial position.
Pakistan’s Foreign Exchange Reserves
By the end of the week on March 28, 2025, Pakistan’s total liquid foreign reserves reached $15.58 billion, with the State Bank of Pakistan (SBP) controlling $10.68 billion of that amount.
These reserves are crucial in shielding the country from external economic pressures and maintaining a stable exchange rate.
