KARACHI – The buying rate of Saudi Riyal (SAR) witnessed decline against Pakistani rupee in open market on Friday as 1 SAR stood at Rs75.69.
The selling rate of Saudi Riyal also dropped and hovered at Rs76.05.
The Saudi riyal to Pakistani rupee exchange rate holds major significance for Pakistan due to remittances from millions of overseas workers in Saudi Arabia.
A stronger riyal increases the value of remittances, supporting Pakistan’s economy, boosting foreign reserves, and helping stabilize the national currency against inflationary pressures.
1,000 Saudi Riyal in Pak Rupee
As the SAR buying rate stood at Rs75.69, an individual can exchange 1,000 Saudi Riyals for Rs75,690 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.
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.