KARACHI – The Saudi Riyal Exchange rate increased in the open market as the price of Saudi rial exchange increased as the price of 1 SAR reached Rs 74.63 on Saturday, March 8, 2025.
According to the Forex Association of Pakistan, the sale of rials by various exchange companies also increased on the fourth 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 Saudi Rial Exchange rate is Rs 74.61 in Pakistan’s open market. This means that 1,000 Saudi rials in Pakistani currency can be exchanged at Rs 74.630.
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.
Overseas Pakistanis sent $ 728.3 million from Saudi Arabia during January 2025, which in the context of remittances declined by 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.
The two Islamic countries have stopped relations in various domains, especially the economy.
