Saudi Riyal (SAR) gained value against the Pakistani Rupee (PKR) on Tuesday. The new exchange rate stands at Rs75.13, representing an increase of Rs1.12 compared to the previous day's rate of PKR 76.25.
Moreover, The Saudi Central Bank (SAMA) has signed a three-year currency swap agreement with the Central Bank of China, marking a milestone in financial cooperation between the two nations.
The accord establishes a maximum swap value of 50 billion Chinese yuan.
This strategic agreement reflects the commitment of both central banks to enhance collaboration and strengthen ties founded on mutual interests.
The three-year duration underscores the long-term nature of this financial partnership, showcasing the enduring commitment of Saudi Arabia and China to bolstering their economic relations.
