Karachi: The Saudi riyal is holding a firm position in Pakistan’s open market today, reflecting steady demand linked to Umrah travel and remittance flows. The Saudi riyal is being bought at Rs 74.75 and sold at Rs 75.50.
Pakistanis working in Saudi Arabia are continuously sending money back home, especially for household expenses and savings, which is keeping the riyal actively traded. The currency’s movement is closely aligned with the US dollar, as the riyal remains pegged to it.
With millions of Pakistani workers employed in the Kingdom, the riyal is remaining one of the most important Gulf currencies for Pakistan. Families across the country are monitoring daily rate changes to decide the best time for conversions.
