Karachi: With the pilgrimage season approaching, many Pakistanis are keeping a close watch on the Saudi Riyal, which is currently listed at a Buying rate of Rs. 74.80 and a Selling rate of Rs. 75.40. The Riyal remains one of the most sought-after currencies in the country due to the deep religious and economic ties between the two nations.
The Pakistani economy is currently seeing a steady flow of SAR through workers’ remittances, which is helping to cushion the external debt payments. Simultaneously, for families planning their Umrah or Hajj journeys, these rates are determining their travel budgets and staying costs in the Kingdom. The government’s recent “Ramazan Relief Package” and other social protections are working in tandem with a stable currency to ensure that the cost of living remains manageable. The consistent Riyal rate is also assisting the government in projecting more accurate costs for the annual Hajj quota.
