Islamabad, Apr 23, 2025: the Saudi Riyal (SAR) experienced a modest decline in value against the Pakistani Rupee (PKR) in the open currency market, reflecting a minor adjustment after maintaining a stable streak for several weeks.
According to the latest market data, the buying price of the Riyal slipped to Rs74.84, while the selling price dropped to Rs75.38 on the third working day of the week.
This marginal depreciation indicates short-term fluctuations driven by market demand and foreign exchange trends.
Exchange Rate: Saudi Riyal to Pakistani Rupee – April 23, 2025
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1 SAR = Rs74.84
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1,000 SAR = Rs74,840
The Saudi Riyal (SAR), also known as SR, is the official monetary unit of Saudi Arabia, further divided into 100 halalas.
It holds strong regional value and is actively traded in currency markets, including Pakistan’s open market.
Strategic Relations Between Pakistan and Saudi Arabia
The ties between Pakistan and Saudi Arabia are deeply anchored in cultural, religious, and political harmony.
Both nations continue to strengthen their partnership through joint ventures, financial cooperation, and strategic alignment on regional matters.
Saudi Arabia remains a key economic partner for Pakistan, consistently offering aid, oil supplies, and investments—especially during economic crises.
Large Pakistani Workforce in Saudi Arabia
With an estimated 2.5 to 2.7 million Pakistani expatriates working in Saudi Arabia, the kingdom hosts one of the largest Pakistani communities abroad. These individuals not only support the Saudi economy through labor but also send significant remittances back to Pakistan.
Remittance Overview
In February 2025, Pakistani workers in Saudi Arabia remitted a total of $744.4 million, marking:
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A 2.21% rise from January 2025
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A 37.88% surge compared to February 2024
These remittance inflows are crucial to Pakistan’s foreign exchange reserves and contribute significantly to national economic stability.
Read More: Saudi Riyal to Pakistani Rupee rate on April 22, 2025
Pakistan’s Foreign Reserve Position
By the week ending March 28, 2025, Pakistan’s total liquid foreign reserves reached $15.58 billion, with the State Bank of Pakistan (SBP) holding $10.68 billion.
These reserves act as a buffer against external financial shocks and help maintain exchange rate equilibrium.
