KARACHI – The buying rate of Omani rial in Pakistan was Rs 7221.5, while on Tuesday, February 11, the sale rate in the open market was Rs 730.
OMR currency saw the trend below against the Pakistani rupee on the second day of the new business week in Pakistan.
Omani is the official currency of Oman. It has been allotted as OMR. One rial is divided into 1000 Baisa.
Omani rial rates are being raised at Rs 7221.5 in the open market. Therefore, 1000 Omani rial will be equal to Rs 721,500 in Pakistani currency.
Oman is the third largest employer of Pakistani immigrants in the GCC region after Oman Saudi Arabia and the United Arab Emirates and 360,000 Pakistanis are working in Oman.
Pakistan receives more than $ 1 billion every year from Oman and Pakistani Daspura.
Most Pakistanis work in the fields of construction, oil and gas, manufacturing, logistics, wholesale and retail trade. According to the official statement, Pakistanis are also working in health care, teaching, hospitality, banking and IT sector.
Pakistan and Oman have shared long -standing relations on historical, cultural and economic relations, which has increased from geographical proximity across the Arabian Sea.
Pakistan exports textile, food and agricultural products, while Oman sends oil, gas and petrochemicals.
