Karachi: The Saudi Riyal maintains a stable position in Pakistan’s open market today, buying at Rs. 75.90 and selling at Rs. 76.25. As the second most traded foreign currency in Pakistan, the Saudi Riyal holds immense importance due to the large Pakistani workforce based in the Kingdom.
Monthly remittances from Saudi Arabia significantly contribute to Pakistan’s economy, and the Riyal remains a preferred currency for families receiving support from abroad. Additionally, the currency’s strength supports travel-related spending during Hajj and Umrah seasons.
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