On Wednesday, February 5, the Saudi Riyal (SAR) saw a slight decline against the Pakistani Rupee in the open market, with the buying rate dropping by two paisas to Rs74.37.
The selling rate also weakened, standing at Rs74.58 on the third business day of the week.
The Saudi Riyal is the official currency of Saudi Arabia, abbreviated as SAR or SR. One Riyal is further divided into 100 halalas.
SAR to PKR Rate – 5 February 2025
As of February 5, the open market exchange rate for the Riyal is Rs74.37. This means that 1,000 Saudi Riyals are equal to Rs74,370 in Pakistani currency.
| Date | Latest Exchange Rate (SAR to PKR) | Change |
|---|---|---|
| February 05, 2025 | Rs74.37 | -0.02 |
| February 04, 2025 | Rs. 74.39 | +0.03 |
A large number of Pakistani expatriates reside in Saudi Arabia, making it the top contributor to Pakistan’s foreign remittances. In December 2024 alone, overseas Pakistanis in the kingdom sent $770.6 million in remittances.
This amount marked a 6% increase on a monthly basis and was 33% higher than the $577.6 million remitted in the same month of the previous year.
Pakistan and Saudi Arabia continue to maintain strong economic relations. A day earlier, both nations signed an agreement for a deferred oil import payment facility worth $1.2 billion for one year.
