SAR to PKR Today – Saudi Riyal latest exchange rate in Pakistani open market witnessed downward trend as it stood at Rs74.73 on Friday, April 11, 2025.
The selling rate of the Riyal also dropped as it is being sold for Rs75.25 on the fifth day of 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.
Several factors such as political and economic situations, and foreign exchange reserves play a key role in determination of exchange rates
SAR to PKR Rate Today
1 SAR = Rs74.73
Pakistan and Saudi Arabia share strong diplomatic, economic, and cultural ties, particularly through their shared religious connection.
Saudi Arabia is a key economic partner, providing financial support and investment to Pakistan.
Additionally, millions of Pakistanis work in Saudi Arabia, contributing significantly to remittances sent to the South Asian country. Both nations collaborate on regional stability, security, and Islamic cooperation.
Both sides recently renewed their pledge to elevate their bilateral partnership and strengthen defence and security cooperation.
The commitment was reiterated during a meeting between Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince and Prime Minister Mohammed bin Salman in Jeddah.
The prime minister was accompanied by Deputy Prime Minister and Foreign Minister Senator Ishaq Dar, Chief of the Army Staff General Syed Asim Munir, and Punjab Chief Minister Maryam Nawaz.
Meanwhile, overseas Pakistanis residing in Saudi Arabia remitted the largest amount in February 2025 as they sent $744.4 million during this period, up by 2.21% on monthly basis and 37.88% on yearly basis.
Furthermore, the total liquid foreign reserves of Pakistan stood at $15,579.7 million while the State Bank of Pakistan held reserves amounting to $10,676.3 million in the week ended on March 28, 2025.
