KARACHI – The buying rate of Saudi Riyal (SAR) stands at Rs75.63 against Pakistani rupee in open market on Friday after 1 SAR dipped by one paisa in open market.
The selling rate of Saudi Riyal also decreased by one paisa as it stood at Rs76.20. Saudi Riyal to Pak rupee exchange rate also remains in top searches as a huge number of overseas Pakistanis reside in Kingdom contribute to foreign exchange reserves.
1,000 Saudi Riyal in Pak Rupee
As the SAR buying rate stood at Rs75.63, an individual can get Rs75,630 after converting 1,000 Saudi Riyals in open market.
Currency exchange plays a vital role in the global economy and holds great significance for countries like Pakistan. It involves converting one country’s currency into another, enabling international trade, travel, and investment. For Pakistan, currency exchange helps determine the value of the Pakistani rupee against foreign currencies like the US dollar or UAE dirham.
A strong exchange rate boosts imports and lowers inflation, while a weak rate can increase export competitiveness. Currency exchange is also crucial for overseas Pakistanis who send remittances. Monitoring exchange rates helps businesses, travelers, and policymakers make informed financial decisions and manage economic stability effectively.
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.
