Karachi: The Omani Riyal is currently trading strong against the Pakistani Rupee, as thousands of Pakistani workers are working in Oman and sending money home. The OMR is standing at Rs. 727.23 buying and Rs. 736.74 selling, reflecting its high value compared to other regional currencies.
Pakistan’s labour force in Oman is contributing significantly to remittance inflows. Families receiving remittances are seeing higher rupee conversions because the riyal is maintaining strength. With the buying rate at Rs. 727.23, remittance value is supporting household spending and small business activities in Pakistan.
The higher OMR rate is helping Pakistan’s foreign exchange position through steady inflows. Construction workers, technicians, and skilled professionals in Oman are continuing to support the domestic economy.
Imports from Gulf countries are also continuing, and the strong OMR is influencing regional trade payments. As the selling rate is standing at Rs. 736.74, exchange costs are slightly higher for those purchasing Omani currency.
Pakistan’s economy is relying on Gulf remittances as a backbone of stability. The OMR rate is reflecting confidence in Gulf markets, while the rupee is adjusting to regional currency trends.
