KARACHI – The Saudi Rial Exchange rate was weakened against the Pakistani rupee in the open market as it stood at Rs 74.25 on Wednesday, February 12, 2025.
The sales rate of the rial has also decreased as it is being sold for Rs 74.80 on the third 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.
Today, the buying rate of Saudi rial is Rs 74.25 in Pakistan’s open market. Therefore, 1,000 Saudi rials can be exchanged in Pakistani currency for Rs 74,250.
In addition to joining various domains in Pakistan and Saudi Arabia, there have been close ties for a long time. 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.
Prime Minister Shahbaz Sharif and Chief Executive Officer of the Saudi Fund for Development (SFD) Sultan Abdullah Al -Rashid witnessed the signing ceremony.
The agreement will strengthen the stable supply of petroleum products and strengthen Pakistan’s economic flexibility while reducing the financial burden.
Meanwhile, a significant number of Pakistani immigrants have been hosted in Saudi Arabia who sent a huge remittance to their home country,
In December 2024 alone, Pakistanis living in the state raised the highest amount of 70 770.6 million. On a monthly basis, the amount was more than 6 %, but in the same month of last year, the migrants sent by migrants were 7577.6 million more than 33 %.
Qayyum Savings New Profit Rate for Defense Savings Certificate from February 20, 2025
