On February 24, 2024, the buying rate for the Saudi Riyal (SAR) in Pakistan stood at Rs74.35, while the selling rate was recorded at Rs75.1, according to forex.pk.
Data available on the currency website indicated that the Saudi Riyal gained 10 paisas against the Pakistani Rupee in the open market compared to the previous day's rate.
The SAR to PKR Rate on February 24, 2024, reflected a change from the previous day's rate:
- February 24, 2024: Rs. 74.35 (an increase of 10 paisas)
- February 23, 2024: Rs. 74.25
The Saudi Riyal, abbreviated as SAR or SR, serves as the official currency of Saudi Arabia, with one Riyal subdivided into 100 halalas.
With more than 2.7 million Pakistani expatriates residing in Saudi Arabia for job opportunities or businesses, the SAR to PKR exchange rate remains a highly relevant topic for them.
For those interested in understanding the conversion rates, as of February 24, 2024:
- 500 Saudi Riyals would amount to approximately Rs37,175 in the open market.
- 1,000 Saudi Riyals would be equivalent to around Rs74,350 in Pakistani currency.
Converting Riyals into Pakistani Rupees is a straightforward process for individuals carrying SAR. They can visit banks or branches of exchange companies across Pakistan to facilitate the conversion, ensuring ease of transactions and financial management between the two currencies.
