KARACHI – Omani Rial buying rate in Pakistan witnessed gains as it stood at Rs724.5 while the selling rate is Rs733 on Wednesday, March 12, in open market.
The Omani Rial is the official currency of Oman. It is abbreviated as OMR. One Riyal is subdivided into 1000 baisa.
Omani Rial to PKR Open Market Rate Today
The Omani Rial rate is being traded at Rs724.5 in open market. So, the 1,000 Omani Rial will be equal to Rs72w,500 in Pakistani currency.
Oman is the third largest employer of Pakistani expatriates in GCC region after Saudi Arabia and the UAE and there are 360,000 Pakistanis working in Oman.
Pakistan receives more than $ 1 billion in remittances every year from Oman and Pakistani diaspora contributes greatly to the country’s foreign exchange.
Most of the Pakistanis are employed in the construction, oil & gas, manufacturing, logistics, wholesale and retail trade sectors. There are Pakistanis working in the healthcare, teaching, hospitality, banking and IT sectors as well, according to official statement.
