Karachi, April 22, 2025 – The Saudi Riyal (SAR) to Pakistani Rupee (PKR) exchange rate in the open market today reflects a slight uptick, with the buying rate standing at Rs. 75.10 and the selling rate at Rs. 75.65, according to the Forex Association of Pakistan. This marks a modest 0.15% increase from yesterday’s rate of Rs. 75.07, signaling relative stability in the currency pair amid ongoing economic developments.
The SAR-PKR exchange rate remains a critical indicator for Pakistan’s economy, given the significant Pakistani workforce in Saudi Arabia and the substantial remittances they send home. In March 2025, remittances from Saudi Arabia reached $765.2 million, a 4.1% increase from February’s $744.4 million, as reported by the State Bank of Pakistan (SBP). These inflows bolster Pakistan’s foreign exchange reserves, which stood at $15.72 billion as of April 18, 2025, providing a buffer against external economic pressures.
Analysts attribute today’s marginal rise to improved macroeconomic stability in Pakistan, including a recent uptick in foreign direct investment and export growth. However, global oil price fluctuations and Pakistan’s trade dynamics with Saudi Arabia continue to influence the rate. “The Riyal’s stability is a positive sign, but Pakistan must sustain its reserve growth to counterbalance import-driven pressures,” said Ayesha Khan, a senior economist at Karachi’s Financial Insights Group.
The relationship between Saudi Arabia and Pakistan, rooted in economic and diplomatic ties, underscores the importance of the SAR-PKR rate. With millions of Pakistanis traveling to Saudi Arabia for work and religious purposes, such as Hajj and Umrah, currency fluctuations directly impact their financial planning. Exchange companies in major cities like Karachi and Lahore reported steady demand for Riyals, with no significant speculative activity.
For individuals and businesses engaged in cross-border transactions, today’s rate means 1,000 SAR equates to approximately Rs. 75,100 in Pakistani currency. The SBP continues to monitor the interbank market, where rates may slightly differ, to ensure liquidity and curb volatility. As Pakistan navigates its economic recovery, the SAR-PKR exchange rate will remain a focal point for policymakers and traders alike.
Stay updated with daily exchange rate trends and remittance data to make informed financial decisions.
