KARACHI – The Saudi Riyal Exchange Rate for Pakistani rupee stood on Thursday, February 6, after receiving 02 money, standing at Rs 74.39 in the open market.
The sales rate of Saudi rials also increased slightly as it is being sold for Rs 74.60 on the fourth day of the new trading week.
Saudi riyals are Saudi Arabia’s official currency. It has been allocated as SAR, or SR. One rial is divided into 100 halals.
From today to PKR
As of February 06, the rate of rial in the open market is being raised at Rs 74.39. Therefore, 1000 Saudi riyals will be equal to Rs 74,390 in Pakistani currency.
Earlier this week, Pakistan and Saudi Arabia signed a delayed payment agreement for importing oil worth $ 1.2 billion for a one -year period.
Prime Minister Shahbaz Sharif and Chief Executive Officer of the Saudi Fund for Development (SFD) Sultan Abdullah Al -Rashid witnessed the signing ceremony.
The Prime Minister welcomed the signing of the oil import facility, which said that Pakistan would receive oil on the delayed payment.
The project will strengthen the stable supply of petroleum products and strengthen Pakistan’s economic flexibility while reducing the financial burden.
Remittances from Saudi Arabia
Pakistani immigrants make a large part of the total population of Saudi Arabia, which becomes a major source of remittances.
In December 2024 alone, Pakistanis living in the state raised the highest amount of 70 770.6 million. On a monthly basis, the amount was more than 6 %, but in the same month of last year, the migrants sent by migrants were 7577.6 million more than 33 %.
