On Wednesday, May 15, 2024, the buying rate for the Saudi Arabia Riyal (SAR) in Pakistan stood at Rs73.5, while the selling rate was Rs74.2 in the open market.
Data from the currency website indicated that the Saudi Riyal strengthened by 10 paisas against the Pakistani Rupee in the open market.
Here's the breakdown of the SAR to PKR Rate on May 15, 2024:
- **May 15, 2024**: Rs73.5 (+10 paisas)
- May 14, 2024: Rs73.4
The Saudi Riyal, abbreviated as SAR or SR, is the official currency of Saudi Arabia, with one Riyal being subdivided into 100 halalas.
Given the substantial population of over 2.7 million Pakistani expatriates in Saudi Arabia, the SAR to PKR exchange rate remains a topic of significant interest among them.
For those looking to convert Riyals into Pakistani Rupees, here are the rates as of May 15, 2024:
- 500 Saudi Riyals would amount to approximately Rs36,750 in the open market.
- 1,000 Saudi Riyals would be equivalent to around Rs73,500 in Pakistani currency.
To facilitate the conversion of Riyals into Pakistani Rupees, individuals can visit banks or branches of exchange companies in Pakistan.
