KARACHI: The Saudi Riyal stands at Rs 75.60 buying and Rs 75.90 selling in Pakistan’s open market.
The currency’s importance stems from the large Pakistani workforce in Saudi Arabia, whose remittances in Riyals form a significant part of the country’s foreign exchange reserves. With Saudi Arabia being a key partner in trade and investment, the Riyal’s stability helps ensure consistent inflow of funds into Pakistan’s economy.
