KARACHI – The Saudi Rial Exchange rate saw a slight decline of a money against the Pakistani rupee in the open market as it stood at Rs 1 SAR 74.57 on Saturday, March 1, 2025.
The sales rate of the rial also came down as it is being sold for Rs 75.09 by various exchange companies on the sixth day of the new trading week.
Real is the official currency of Saudi Arabia’s kingdom and has been allocated as SAR, or SR. One rial is divided into 100 halals.
The latest rate from PKR from today
The Saudi Rial Exchange rate is Rs 74.574.5757575 in the open market of Pakistan. Therefore, 1,000 Saudi rials can be exchanged in Pakistani currency for Rs 74.570.
A significant number of Pakistani spending lives in Saudi Arabia where they are busy with jobs and businesses. He sent important remittances to the country every month, which plays a key role in the country’s foreign currency reserves.
Saudi Arabia -based overseas Pakistanis sent $ 728.3 million in the context of remittances during January 2025, which is 5.5 percent on a monthly basis.
However, remittances are 24 % higher than $ 587.4 million sent by Saudi Arabia’s immigrants from Saudi Arabia last year.
Pakistan and Saudi Arabia have two brotherhood with various domains. The state is providing financial support to Pakistan in difficult times.
Recently, Pakistan and Saudi Arabia signed a delayed payment agreement to import oil worth $ 1.2 billion for one year.
