Karachi: The Omani Riyal is currently holding a strong position in the open market, with a Buying rate of Rs. 726.7 and a Selling rate of Rs. 736.2. For thousands of Pakistani families relying on remittances from Muscat and Salalah, these rates are providing a significant boost to their household purchasing power.
Currently, the Pakistani economy is benefiting immensely from these steady inflows. As the State Bank of Pakistan is targeting higher foreign reserves, the contributions from the Omani diaspora are becoming a vital pillar of support. Families are finding that their Riyal transfers are going further in covering educational expenses and healthcare back home. This trend is also encouraging more overseas Pakistanis to use legal banking channels for their transfers, as the gap between different market segments is narrowing. The economy is moving toward a more transparent remittance structure, which is vital for long-term stability.
