On Thursday, February 20, 2025, the Saudi Riyal (SAR) gained further value against the Pakistani rupee in the open market.
The buying rate increased to Rs74.51, while the selling rate climbed to Rs75.03, according to a currency monitoring portal.
The Saudi Riyal is the official currency of Saudi Arabia, abbreviated as SAR or SR. One Riyal is subdivided into 100 halalas.
SAR to PKR rate today - 20 February 2025
The exchange rate for the Saudi Riyal stands at Rs74.51 in the open market of Pakistan, meaning that 1,000 Saudi Riyals can be exchanged for Rs74,510 in Pakistani currency.
Remittances from Saudi Arabia
Overseas Pakistanis residing in Saudi Arabia sent $728.3 million in remittances during January 2025. While this marks a 5.5% decline from the previous month, it is still 24% higher than the $587.4 million remitted in January 2024.
Pakistan and Saudi Arabia continue to maintain strong economic ties, with the Kingdom providing consistent financial support.
Recently, both nations signed an agreement extending the deferred payment facility for oil imports worth $1.2 billion for another year. Prime Minister Shehbaz Sharif and the Chief Executive Officer of the Saudi Fund for Development (SFD), Sultan Abdulrahman Al-Marshad, attended the signing ceremony.
This agreement aims to strengthen Pakistan’s economic resilience by ensuring a steady supply of petroleum products while easing immediate fiscal pressures.
