KARACHI – Saudi riyals weakened with two money against the Pakistani rupee as it stood at Rs 74.40 in the open market on Saturday, February 8.
The sales rate of the rial has also declined slightly as it is available at 74.63 on the sixth 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
Today, the rate of rial is being raised at Rs 74.40 in the open market. Therefore, 1,000 Saudi rials in Pakistani currency can be exchanged at Rs 74,400.
Earlier this week, Pakistan and Saudi Arabia signed a delayed payment agreement to import oil worth $ 1.2 billion worth of oil 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 a postponement.
The project will strengthen the stable supply of petroleum products and strengthen Pakistan’s economic flexibility while reducing the financial burden.
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 %.
Qayyum Savings New Profit Rate for Defense Savings Certificate from February 20, 2025
