The Saudi Riyal (SAR) exchange rate recorded a slight increase against the Pakistani rupee in the open market, standing at Rs74.58 on Wednesday, February 26, 2025.
The selling rate also strengthened slightly, reaching Rs75.10, according to a portal monitoring exchange rates.
The Saudi Riyal is the official currency of the Kingdom of Saudi Arabia, abbreviated as SAR or SR, and is subdivided into 100 halalas.
SAR to PKR Rate Today
The exchange rate for the Saudi Riyal in Pakistan’s open market is Rs74.58. This means 1,000 Saudi Riyals can be converted to Rs74,580 in Pakistani currency.
Remittances from Saudi Arabia
Overseas Pakistanis residing in Saudi Arabia sent $728.3 million in remittances during January 2025, reflecting a 5.5% decline on a monthly basis. However, the figure is 24% higher compared to the $587.4 million remitted in January 2024.
Pakistan and Saudi Arabia continue to strengthen their economic and diplomatic ties. The Kingdom has played a crucial role in supporting Pakistan during financial challenges.
Recently, both countries signed an agreement to extend the deferred payment facility for oil imports worth $1.2 billion for another year, ensuring Pakistan's energy security and economic stability.
