Karachi: The Saudi riyal is maintaining steady demand in Pakistan’s open market as Umrah travel, employment transfers, and remittance inflows are continuing throughout the week.
Today, the Saudi riyal is buying at Rs 74.80 and selling at Rs 75.30 in the open market. Pakistani workers in Saudi Arabia are regularly sending money home, supporting millions of families across Punjab, KPK, Sindh, and Balochistan.
Travelers preparing for Umrah and Hajj are also closely following the riyal rate, as even small changes are affecting overall travel budgets. Businesses linked with Middle Eastern trade are planning payments cautiously due to minor daily fluctuations.
Market sentiment is showing that the riyal is remaining relatively stable, supported by consistent employment opportunities for Pakistanis in Saudi Arabia and strong people-to-people ties between the two countries.
