Karachi: The Saudi Riyal is continuing to trade actively in Pakistan’s open market today, reflecting strong demand due to close economic and labor ties with Saudi Arabia. The buying rate is standing at Rs. 74.85, while the selling rate is recorded at Rs. 75.35.
Millions of Pakistani workers in Saudi Arabia are sending remittances every month, which are playing a key role in supporting Pakistan’s foreign exchange reserves. Families across Pakistan are relying on these remittances for daily expenses, education, and home construction.
Pilgrims preparing for Umrah and Hajj are also monitoring the Riyal rate carefully as travel planning is continuing throughout the year. Financial analysts are noting that the Riyal is maintaining a stable pattern due to its peg with the US dollar.
The Riyal is therefore continuing to remain one of the most important foreign currencies for Pakistan’s economy.
Saudi Riyal to PKR
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