KARACHI – Saudi riyals registered minor benefits against the Pakistani rupee in the open market as it was Wednesday, March 19, 2025, 74.74.7272720. Standing on
According to the Forex Association of Pakistan, on the second day of the new trading week, the sales rate of the rial also increased as it is being sold for Rs 75.12.
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.
Currency exchange rates are determined by a number of factors such as economic situation and market feelings. They reflect how much currency is strengthened by a country compared to another country.
The following are key factors that affect currency exchange rates:
Supply and demand
The basic law of supply and demand plays an important role in the commitment to exchange rates. If more and more people want currency, its price goes up. If the demand is low, its price falls.
Foreign exchange (Forex) Market
The trends in the Forex market are considered the world’s largest and largest liquid market, and rates are fluctuated on the basis of which traders are willing to buy or sell currency.
Inflation rate
In countries with inflation, there are strong currency, because low inflation means that the purchase power is more stable. High inflation usually puts pressure on the currency.
Other factors include political stability, economic performance, trade balance, central bank policies and others.
Remittances from Saudi Arabia to Pakistan in February 2025
According to data released by the State Bank of Pakistan (SBP), Pakistan received $ 3.1 billion in the context of remittances of Pakistani workers overseas 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.
Gold rate in Saudi Arabia
According to Forex.PK, on Wednesday (March 18th), the price of 24 carat gold per tula in Saudi Arabia reached the historic high -ranking rate at 4,210 SAR on Wednesday (March 18th).
In addition, 10 grams of gold in the kingdom are being sold in SAR 3,613, while gold per ounce is 11,229.
