The Saudi Riyal (SAR) saw a slight dip in its value against the Pakistani Rupee in the open market on Saturday, February 8.
Exchange Rate of SAR to PKR - 08 February 2025
The buying rate of the Riyal decreased by two paisas, settling at Rs74.40. Similarly, the selling rate also recorded a slight decline, now standing at Rs74.63.
The Saudi Riyal, abbreviated as SAR, is the official currency of Saudi Arabia and is subdivided into 100 halalas.
The current rate of the Saudi Riyal is Rs74.40 in the open market, meaning that 1,000 Saudi Riyals can be exchanged for Rs74,400 in Pakistani Rupees.
Earlier this week, Pakistan and Saudi Arabia signed a crucial agreement for the deferred payment of oil imports worth $1.2 billion for a period of one year. The agreement was formalized in a ceremony attended by Prime Minister Shehbaz Sharif and Sultan Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development (SFD).
