KARACHI – Saudi Rial Exchange Rate has not seen any change in the open market against the Pakistani rupee as it stood at Rs 74.25 on Tuesday, February 18, 2025.
According to the portal, the sales rate of the rial was also changing as it is being sold for Rs 74.8 by various exchange companies on the second 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.
The Saudi Rial Exchange rate is Rs 74.25 in Pakistan’s open market. Therefore, 1,000 Saudi rials can be exchanged in Pakistani currency for Rs 74,250.
Overseas Pakistanis living in Saudi Arabia led $ 728.3 million during January 2025, observing a 5.5 percent reduction on a monthly basis. However, if the same month of 2024 is $ 24 % more than $ 587.4 million sent by Pakistanis from Saudi Arabia.
Pakistan and Saudi Arabia have two brotherhood with various domains. 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.
Qayyum Savings New Profit Rate for Defense Savings Certificate from February 20, 2025
