Islamabad, Apr 15, 2025: The Saudi Riyal (SAR) gained marginal value against the Pakistani Rupee (PKR) in the local currency market on Tuesday.
The buying rate rose to Rs74.76, while the selling price reached Rs75.31, reflecting a slight appreciation on the second trading day of the week.
Today’s Exchange Rate – April 15, 2025
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1 SAR = Rs74.76
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1,000 SAR = Rs74,760
The Saudi Riyal (SAR), also symbolized as SR, serves as the legal tender of the Kingdom of Saudi Arabia.
A single Riyal is further divided into 100 smaller units called halalas.
Pakistan-Saudi Arabia Ties: A Strategic Economic Bond
Pakistan and Saudi Arabia maintain a long-standing and multifaceted relationship, shaped by religious affinity and mutual geopolitical interests.
Over the years, Riyadh has extended generous financial packages, fuel assistance, and investments to help Islamabad navigate economic challenges.
Read More: Saudi Riyal to PKR Rate Today
Saudi Arabia is home to over 2.5 million Pakistani nationals, making it one of the largest overseas Pakistani populations in the world.
These expatriates not only support Saudi industries through their labor but also play a crucial role in sustaining Pakistan’s economy via remittances.
Remittances from Saudi Arabia – A Lifeline for Pakistan
During February 2025, overseas Pakistanis based in Saudi Arabia transferred $744.4 million back to Pakistan. This represented:
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A 2.21% rise from the previous month (January 2025)
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A significant 37.88% increase compared to the same period in 2024
Such remittance inflows are vital for stabilizing Pakistan’s current account balance and strengthening the foreign exchange buffer.
Pakistan’s Foreign Reserves Snapshot
As of the week ending March 28, 2025, Pakistan’s liquid foreign exchange reserves reached $15.58 billion. Out of this, the State Bank of Pakistan (SBP) held approximately $10.68 billion.
These reserves are crucial for protecting the economy against global shocks and supporting the national currency.
