Saudi Riyal holds firm at Rs74.7 against Pakistani Rupee in Pakistan’s open market, reflecting stable exchange rates.. The selling rate stood firm at Rs75.25, signaling stability as the new business week began. This consistency reflects the deep economic synergy between Saudi Arabia and Pakistan, underpinned by shared cultural values and strategic partnerships.
The Saudi Riyal, the official currency of Saudi Arabia, is subdivided into 100 halalas and remains a key player in Pakistan’s currency exchange landscape. Approximately 2.7 million Pakistanis in Saudi Arabia strengthen bilateral ties, contributing significantly to both nations’ economies and cultural exchange as a vital expatriate community. These workers not only contribute to Saudi Arabia’s economy but also bolster Pakistan’s financial stability through substantial remittances.
In February 2025, remittances from Saudi-based Pakistani workers reached an impressive $744.4 million, a 2.21% rise from January 2025 and a remarkable 37.88% surge compared to February 2024. These inflows are vital for Pakistan’s economy, supporting its foreign exchange reserves, which stood at $15.58 billion as of March 28, 2025. The State Bank of Pakistan held $10.68 billion of this total, providing a buffer against global economic fluctuations and aiding exchange rate stability.
Saudi Arabia continues to be a steadfast ally for Pakistan, offering financial aid, investments, and oil support during critical times. This partnership extends beyond economics, rooted in shared Islamic heritage and mutual geopolitical interests. The steady SAR-PKR rate underscores the trust and reliability in this relationship, fostering confidence among traders and expatriates alike.
As Pakistan navigates global economic challenges, the contributions of its diaspora in Saudi Arabia remain a lifeline. The remittances not only empower families back home but also fuel economic growth, enabling infrastructure development and social welfare initiatives. Meanwhile, Saudi Arabia benefits from the skilled and dedicated Pakistani workforce, creating a mutually beneficial cycle.
Looking ahead, analysts anticipate continued stability in the SAR-PKR exchange rate, driven by robust remittances and ongoing Saudi investments in Pakistan. As both nations deepen their collaboration, the economic bridge between Riyadh and Islamabad grows stronger, promising resilience and prosperity for the future.
