Karachi: The Saudi Riyal (SAR) showed marked growth versus Pakistani rupee on January 31 2025 which created additional economic pressure on the country. During interbank transactions Saudi Riyals were exchanged at Rs. 74.07 for purchases while selling rates reached Rs. 74.20. The open market saw Saudi Riyal rates increase to Rs. 74.20 for buying while the selling price reached Rs. 74.75.
The Saudian Riyal’s recent market increase has caused Pakistani families and their expat workers to worry about currency exchange rates because Saudi remittances serve as a vital source of foreign currency for Pakistan. The Riyal’s recent rise in value results in Pakistani recipients getting less rupees for equivalent money sending amounts thus reducing their household money and purchasing capacity.
Economist Dr. Ayesha Khan expressed concern regarding this negative development for households that depend on funds sent from abroad. High Riyal strength leads to reduced market power for individuals who need foreign earnings to survive which results in more economic troubles for them.
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