KARACHI – The rate of buying Omani rial in Pakistan did not change as it stood at Rs 726 while the sale rate was Rs 734.5 in the open market on Friday, March 21.
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 priced at Rs 76 in the open market. Therefore, 1000 Omani rial will be equal to Rs 726,000 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, which contributes to the country’s foreign exchange.
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.
Several important factors, including the economic situation and political stability, have fluctuated currency exchange rates, which determines the value of the currency compared to another.
