Islamabad, Apr 17, 2025: The Saudi Riyal (SAR) experienced a minor dip in the Pakistani open market, trading at Rs74.74, according to the Forex Association of Pakistan.
The selling price also saw a slight decline, settling at Rs75.28 on the fourth business day of the week.
SAR to PKR Exchange Rate – April 17, 2025
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1 Saudi Riyal (SAR) = Rs74.74
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1,000 SAR = Rs74,740
The Saudi Riyal, commonly referred to as SAR or SR, is the currency of Saudi Arabia. One Riyal is subdivided into 100 halalas.
The bond between Pakistan and Saudi Arabia is built on strong diplomatic, cultural, and economic ties, which are deepened by shared Islamic values and mutual strategic goals.
Saudi Arabia remains a key economic partner for Pakistan, offering financial aid, investments, and oil support in times of need.
Read More: Saudi Riyal to PKR Rate Today – April 15, 2025
With an estimated 2.5 to 2.7 million Pakistanis living in Saudi Arabia, the kingdom is home to one of the largest Pakistani expatriate communities.
These workers significantly contribute to the Saudi economy and play an essential role in remittance flows back to Pakistan.
Remittance Overview
In February 2025, Pakistani workers in Saudi Arabia sent $744.4 million in remittances, reflecting:
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A 2.21% increase from January 2025
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A 37.88% rise compared to February 2024
These remittance inflows are crucial for Pakistan’s foreign exchange reserves and overall economic stability.
Pakistan’s Foreign Reserves
As of the week ending March 28, 2025, Pakistan’s total liquid foreign reserves stood at $15.58 billion, with the State Bank of Pakistan (SBP) holding $10.68 billion.
These reserves act as a buffer against external economic shocks, ensuring exchange rate stability.
