Islamabad, Mar 22, 2025: The Saudi Riyal (SAR) experienced a slight appreciation against the Pakistani Rupee (PKR) in the open market, reaching Rs74.71.
The selling rate also edged up to Rs75.11, as per the latest data from the Forex Association of Pakistan.
As the official currency of Saudi Riyal to PKR often denoted as SR, is further divided into 100 halalas.
It remains a key currency for Pakistani expatriates, given the significant remittances sent from the Kingdom.
In a major diplomatic engagement, Pakistan and Saudi Arabia reaffirmed their commitment to strengthening bilateral relations, particularly in the areas of defense and security cooperation.
The Pakistani delegation included Deputy Prime Minister and Foreign Minister Senator Ishaq Dar, Chief of Army Staff General Syed Asim Munir, and Punjab Chief Minister Maryam Nawaz.
Discussions focused on expanding collaboration across various sectors, reinforcing the already strong ties between the two nations.
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On the economic front, Pakistan witnessed a significant inflow of remittances, totaling $3.1 billion in February 2025.
This marked a 3.8% increase from January 2025, according to figures released by the State Bank of Pakistan (SBP).
Compared to February 2024, remittances surged by an impressive 38.6%, reflecting growing financial contributions from overseas Pakistanis.
Saudi Arabia remained the leading source of remittances, with Pakistani expatriates sending $744.4 million in February 2025.
This represented a 2.21% rise from January 2025 and a notable annual increase of 37.88% from February 2024.
The steady flow of remittances from Saudi Arabia continues to play a vital role in stabilizing Pakistan’s economy, supporting foreign exchange reserves, and contributing to national growth.
The steady rise in remittances and positive currency movements highlight the deep economic ties between the two countries, benefiting both nations in multiple domains.
