KARACHI – The Saudi Rial Exchange rate reinforced the Pakistani rupee in the open market as it remained at Rs 74.45 after receiving five money on Tuesday, February 11, 2025.
On the second day of the new trading week, the sales rate of the rial also increased as it is being sold for Rs 74.68.
Saudi riyals are Saudi Arabia’s official currency. It has been allocated as SAR, or SR. One rial is divided into 100 halals.
Today, the Saudi rial rate in Pakistan is Rs 74.45 in the open market. Therefore, 1,000 Saudi rials can be exchanged at Rs 74,450 in Pakistani currency.
Pakistan and Saudi Arabia enjoy cooperation in various domains and enjoy close brotherhood. Whenever needed, the kingdom has been expanding Pakistan’s support.
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 defensive savings certificate from February 20, 2025
