KARACHI – Saudi Arabia is the major source of remittances sent to Pakistan by its overseas citizens, making the exchange rate of the Saudi Riyal to Pakistani rupee important topic for both individuals and businesses engaged in currency exchange.
Saudi Riyal latest exchange rate in Pakistani open market slight weakened as it stood at Rs74.84 on Wednesday, April 23, 2025.
The selling rate of the Riyal also recorded losses as it is being sold for Rs75.38 on the third day of the new business week, according to Forex Association of Pakistan.
Riyal is the official currency of the Kingdom of Saudi Arabia and it is abbreviated as SAR, or SR. One Riyal is subdivided into 100 halalas.
SAR to PKR Rate Today
1 SAR = Rs74.84
1,000 SAR = Rs74,840
Meanwhile, the State Bank of Pakistan (SBP) has announced that Pakistan’s workers’ remittances increased to an all-time high of $4.1 billion in March 2025, marking the first time that monthly inflows have hit above the $4 billion milestone.
A 37.3% year-on-year increase from March 2024 and a 29.8% month-on-month rise compared to February 2025 have been represented by this historic inflow.
Pakistanis living in Saudi Arabia sent record remittances to the tune of $987m, 33% higher on month on month basis as they stood at $744 million in Feb 2025.
On YoY, the remittances from Saudi Arabia surged by 40% as they stood at $704 million in March 2024.
Pakistan and Saudi Arabia share robust diplomatic, economic, and cultural relations, particularly through their shared religious connection.
Saudi Arabia is a key economic partner, providing financial support and investment to Pakistan.
On the other hand, the price of per tola 24-karat gold in Saudi Arabia on Wednesday (April 23) stood at 4,808 SAR, according to forex.pk.
Furthermore, the 10 grams of 24-k gold is being sold for SAR 4,127 in the kingdom while the per ounce gold price stands at SAR 12,836.
