Karachi: The Saudi Riyal (SAR) continued its steady run in Pakistan’s open market, being traded at Rs. 75.40 for buying and Rs. 76.40 for selling.
With millions of Pakistani workers in Saudi Arabia, the Riyal holds a vital role in sustaining remittance flows. Moreover, Saudi Arabia remains one of Pakistan’s largest trade partners, particularly in the energy sector, making the Riyal an influential currency in local markets.
Financial experts highlight that the Riyal’s close peg with the US Dollar ensures stability, which benefits Pakistani businesses and households dependent on remittances.
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