Karachi: The Saudi Riyal is continuing to show stable movement against the Pakistani Rupee as economic ties between Pakistan and Saudi Arabia remain strong through trade, employment and remittance channels.
In the open market, the Saudi Riyal is being bought at Rs 74.35 and sold at Rs 75.35. In the interbank market, the currency is being traded at Rs. 74.22 for buying and Rs. 74.35 for selling.
Saudi Arabia is continuing to remain one of the largest sources of remittances for Pakistan. The value of the riyal is directly affecting millions of Pakistani households receiving monthly financial support from family members working in the Kingdom.
The currency is also playing an important role in religious travel, import financing and bilateral economic cooperation. Stability in the riyal rate is helping Pakistan maintain smoother financial transactions connected to energy imports and overseas employment sectors.
