Karachi: The Saudi riyal is trading firmly in Pakistan’s open market today, with the buying rate recorded at Rs 74.85 and the selling rate standing at Rs 75.50.
The riyal is remaining highly important for Pakistan because millions of Pakistani workers in Saudi Arabia are continuously sending money back home. These remittances are supporting families in paying school fees, rent, and utility bills.
Analysts are observing that the riyal is staying stable due to steady demand for Umrah and Hajj-related payments. Travel companies and pilgrims are also monitoring the rate closely while planning their expenses.
The smooth movement of the riyal is giving relief to overseas workers and their families, as predictable rates are making financial planning easier in Pakistan.
