Karachi – The Saudi Riyal is continuing to play a key role in Pakistan’s foreign exchange inflows as remittances remain steady.
In the interbank market, the Saudi Riyal is trading at Rs. 74.32 (buying) and Rs. 74.44 (selling), while in the open market it is moving at Rs. 74.40 (buying) and Rs. 75.40 (selling).
The currency movement is directly supporting household remittance flows, especially from workers based in Saudi Arabia.
Pakistan’s import and service payments with Saudi-linked businesses are also being influenced by Riyal stability.
We welcome your contributions to The Pakistan Observer. Submit your blogs, opinion pieces, press releases and news features to our editorial team.
Please send your submissions to our News Desk or Editorial team. We look forward to hearing from writers, journalists and contributors.
