The Saudi Riyal (SAR) maintained its position against the Pakistani Rupee (PKR) in the open market on Thursday, April 10, 2025, trading at Rs74.45.
According to market data, the selling rate stood slightly higher at Rs75, marking a stable trend midway through the business week.
SAR to PKR rate today - 10 April 2025
1 SAR = Rs74.45 (April 10, 2025)
The Saudi Riyal, abbreviated as SAR or SR, is the official currency of the Kingdom of Saudi Arabia. One Riyal is divided into 100 halalas.
Exchange Rate Influencers
The exchange rate of any currency, including SAR to PKR, is influenced by a range of factors such as:
- Political and economic conditions
- Global market dynamics
- Central bank policies
- Foreign exchange reserves
For Pakistan, macroeconomic stability and foreign remittance inflows play a crucial role in exchange rate movements.
The relationship between Pakistan and Saudi Arabia is built on deep-rooted religious, diplomatic, and economic bonds. The two countries continue to collaborate closely on regional security and development initiatives.
In a recent high-level meeting in Jeddah, both nations reaffirmed their commitment to deepen bilateral cooperation, particularly in the areas of:
- Defence and security
- Economic partnership
- Cultural and religious unity
Remittance Inflows from Saudi Arabia Remain Robust
In February 2025, Overseas Pakistanis in Saudi Arabia contributed significantly to the country's economy by remitting $744.4 million, reflecting:
- 2.21% growth compared to January 2025
- 37.88% increase over the same month last year
These remittances continue to be a vital source of foreign exchange for Pakistan.
As of the week ending March 28, 2025, Pakistan’s total liquid foreign reserves stood at $15.58 billion, out of which the State Bank of Pakistan (SBP) held $10.68 billion. This reserve buffer is essential for maintaining currency stability, meeting external obligations, and financing imports.
