KARACHI – The Saudi Riyal (SAR) is being traded at Rs75.53 against Pakistani rupee in open market on Wednesday after the buying rate moved up by eight paisas.
The selling rate of Saudi Riyal also increased accordingly and settled at Rs76.08 after gaining eight paisas in open market.
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.
500 Saudi Riyal in Pak Rupee
As the SAR buying rate stood at Rs75.53, an individual can get Rs37,765 after converting 500 Saudi Riyals in open market.
Remittances from Saudi Arabia
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.
Currency exchange plays a crucial role in global trade and travel, allowing businesses and individuals to convert one currency into another. This system enables international transactions, investment, tourism, and economic cooperation between countries.
The value of one currency compared to another—known as the exchange rate—is determined by several factors, including supply and demand, interest rates, inflation, political stability, and economic performance.
For example, if a country has a strong economy and low inflation, its currency is more likely to be in demand, increasing its value. Exchange rates can be floating—set by market forces—or fixed, where governments peg their currency to another, like the U.S. dollar.
Central banks may also intervene in currency markets to stabilize or influence rates. Understanding currency exchange helps businesses manage risks and costs in global operations and assists travelers in budgeting effectively. It remains a vital part of the interconnected global financial system.
