KARACHI – The Saudi Rial Exchange rate went slightly against the Pakistani rupee in the open market as it stood at Rs 74.71 on Saturday, March 22, 2025.
According to the Pakistan Forex Association, on the fifth day of the new business week, the rial sales rate was also recorded as minor changes were recorded as it is being sold for Rs 75.11.
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.
Recently, Pakistan and Saudi Arabia confirmed their commitment to raise their bilateral partnerships and strengthen defense and security cooperation.
The commitment was reaffirmed during a meeting in Jeddah of Prime Minister Muhammad Shahbaz Sharif and Saudi Wali Prince and Prime Minister Muhammad bin Salman.
The Prime Minister was accompanied by Deputy Prime Minister and Foreign Minister Senator Ishaq Dar, Army Staff Chief General Syed Asim Munir, and Chief Minister Maryam Nawaz.
Meanwhile, according to data released by the State Bank of Pakistan (SBP), Pakistan received $ 3.1 billion as a result of the remittances of Pakistani workers abroad in February 2025, compared to the previous month of January 2025.
Remittances increased by 38.6 % on an annual basis, compared to 25 2.25 billion in the same month last year.
Overseas Pakistanis living in Saudi Arabia sent the highest amount in February 2025 as they sent $ 744.4 million during the period, which was 2.21 percent on a monthly basis and 37.88 percent on an annual basis.
