Karachi: The Saudi Riyal is maintaining stability in Pakistan’s open market, as remittances from millions of Pakistani workers in Saudi Arabia are continuing to support households back home.
The Riyal is currently buying at Rs. 74.80 and selling at Rs. 75.35, showing only slight movement during the day.
Workers employed in construction, healthcare, retail, and services sectors across the Kingdom are regularly sending money home, and these transfers are helping families manage food, education, and utility expenses.
With Umrah and Hajj travel also increasing, demand for the Riyal is remaining consistent.
Financial analysts are noting that the Saudi Riyal is playing a direct role in strengthening Pakistan’s foreign exchange reserves through steady remittance inflows.
The currency is continuing to provide relief for many middle-class families relying on overseas earnings.
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