KARACHI – Saudi riyals took advantage of the minor against the Pakistani rupee in the open market as it was Rs 74.58 on Friday, February 28, 2025.
The sales rate of the rial has also been strengthened as it is being sold for Rs 75.10 by various exchange companies on the fifth day of the new business 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 74.58 in Pakistan’s open market. Therefore, 1,000 Saudi rials in Pakistani currency can be exchanged at Rs 74,580.
Most Pakistani immigrants live 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.
