The Saudi Riyal (SAR) maintained its position against the Pakistani Rupee (PKR) in the open market, standing at Rs74.71 on Monday, March 17, 2025.
The selling rate also remained unchanged at Rs75.11, according to the Forex Association of Pakistan.
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, and one Riyal is divided into 100 halalas.
Pakistan and Saudi Arabia share a long-standing strategic partnership, with the Kingdom often extending economic and financial support to Pakistan during critical times.
Pakistan’s remittances continue to grow
Pakistan received $3.1 billion in remittances from overseas workers in February 2025, reflecting a 3.8% increase compared to January 2025, as per data from the State Bank of Pakistan (SBP).
On a yearly basis, remittances surged 38.6%, compared to the $2.25 billion recorded in February 2024.
Saudi Arabia Leads in Remittance Inflows
Pakistani expatriates in Saudi Arabia contributed the largest share of remittances in February 2025, sending $744.4 million.
This marks a 2.21% increase compared to January 2025.
On a yearly basis, remittances from Saudi Arabia grew by 37.88%.
