Islamabad, Apr 16, 2025: The Saudi Riyal (SAR) has experienced a modest rise in the Pakistani open market, reaching a rate of Rs74.77 on Wednesday. This slight increase has caught the attention of market watchers, as the value of the Riyal continues to fluctuate.
In addition, the selling rate of the Riyal has also gone up, with the currency being exchanged at Rs75.32, according to the Forex Association of Pakistan on the third day of this week.
Saudi Riyal: A Quick Overview
The Riyal is the official currency of Saudi Arabia, denoted by the code SAR (or SR). Each Riyal is subdivided into 100 smaller units called halalas.
Today’s SAR to PKR Conversion
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1 SAR = Rs74.77
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1,000 SAR = Rs74,770
Remittances Surge in Pakistan
The State Bank of Pakistan (SBP) reported a historic increase in remittances in March 2025, with Pakistan’s overseas workers sending a record-breaking $4.1 billion home.
However, this marked the first time that monthly remittance inflows exceeded the $4 billion threshold.
This represents a remarkable 37.3% growth compared to March 2024, and a 29.8% rise from the previous month, February 2025.
Read More: Saudi Riyal to PKR Rate Today – April 15, 202
The Pakistani community in Saudi Arabia played a major role in this surge, contributing $987 million in remittances in March, a 33% increase from February 2025.
However, on a year-over-year basis, remittances from Saudi Arabia soared by 40%, from $704 million in March 2024 to $987 million this year.
Furthermore, the relationship between Pakistan and Saudi Arabia remains strong, with both countries sharing deep cultural, economic, and religious ties.
Although, Saudi Arabia is a vital economic partner for Pakistan, offering crucial financial support and investments.
A large Pakistani diaspora, estimated at 2.5 to 2.7 million people, resides in Saudi Arabia.
This community not only contributes significantly to the Saudi economy but also serves as a key source of remittances to Pakistan.
