KARACHI – The buying rate of Saudi Riyal (SAR) registered another increase of five paisa against Pakistani rupee in open market on Wednesday as 1 SAR stood at Rs75.82.
The selling rate of Saudi Riyal also moved up accordingly and hovered at Rs76.19.
The Saudi riyal to Pakistani rupee exchange rate holds major significance for Pakistan due to remittances from overseas workers in Saudi Arabia.
A stronger riyal increases the value of remittances, supporting Pakistan’s economy, boosting foreign reserves, and helping stabilize the national currency against inflationary pressures.
1,000 Saudi Riyal in Pak Rupee
As the SAR buying rate stood at Rs75.82, an individual can exchange 1,000 Saudi Riyals for Rs75,820 in open market.
Currency exchange is vital for global trade, travel, and investment. It enables countries to buy and sell goods and services internationally by converting one currency into another. Exchange rates influence inflation, interest rates, and economic stability. For developing countries, like Pakistan, currency exchange impacts import costs, remittances, and foreign debt payments.
Meanwhile, the workers’ remittances from overseas to Pakistan recorded a significant growth of 28.8 percent during eleven months of fiscal year 2024-25, reached nearly $35 billion. During the period from July 2024 to May 2025, monthly inflows in May increased to $ 3.69 billion.
“Cumulatively, with an inflow of US$ 34.9 billion, workers’ remittances increased by 28.8 percent during Jul-May FY25 compared to US$ 27.1 billion received during Jul-May FY24,” the State Bank of Pakistan reported on Wednesday.
Pakistanis living in Saudi Arabia topped the chart as they sent $913.3 million in wake of remittances in May 2025 followed by $754.2 million from the UAE.
