Karachi – The Saudi Riyal (SAR) maintained a stable trajectory in Pakistan’s foreign exchange market, supported by strong seasonal remittance inflows from workers in the Kingdom.
In the interbank market, SAR was recorded at Rs 74.19 (buying) and Rs 74.32 (selling). In the open market, it stood at Rs 73.85 (buying) and Rs 74.75 (selling).
Financial analysts note that Saudi Arabia remains Pakistan’s largest source of remittances, which plays a critical role in stabilizing rupee demand.
Market participants expect SAR rates to remain range-bound unless global oil prices or labor demand shifts significantly.
