Karachi: The Saudi Riyal closed the day on a firm note against the Pakistani Rupee, continuing its significant role in Pakistan’s economic landscape.
In the interbank market, SAR settled at Rs. 74.40 (buying) and Rs. 74.53 (selling). In the open market, it closed at Rs. 74.20 (buying) and Rs. 75.45 (selling).
As one of the largest sources of remittances, the strong Riyal supported foreign inflows into Pakistan, helping stabilize the country’s external account.
However, the higher exchange rate also contributed to increased import costs, especially in the energy sector, which remained a key concern for the economy.
The day’s close highlighted the dual impact of the Riyal—supporting inflows while adding pressure on import-related expenses.