KARACHI – There was no change against the Pakistani rupee in the Saudi Rial Exchange rate open market as it stood at Rs 74.71 on Sunday, March 23, 2025.
According to the Forex Association of Pakistan, no change in the sales rate of the rial has been recorded as it is being sold for Rs 75.11 on the fifth day of the new trading week.
23 March 2025 1 SAR = RSS74.71
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 vowed 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, Pakistan received 1 3.1 billion in the context of labor remittances in February 2025, which increased by 3.8 % compared to the previous month of January 2025, according to data released by the State Bank of Pakistan (SBP).
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.
