KARACHI – The buying rate of Saudi Riyal registered upward trend against Pakistani rupee in open market on Thursday as it stood at Rs75.98 as compared to yesterday’s Rs75.90.
The selling rate of Saudi Riyal also moved up by eight paisa and settled at Rs76.33, according to the Forex Association of Pakistan.
The SAR to PKR exchange rate is regularly observed by overseas Pakistanis living in the Saudi Arabia as they send significant remittances to homeland every month.
Pakistan recorded workers’ remittances inflow of $3.4 billion in June 2025, according to the data released by the State Bank of Pakistan (SBP) on Wednesday. It showed workers’ remittances increased by 7.9 per cent on a year-on-year basis.
During fiscal year 2024-25, workers’ remittances rose by 26.6 per cent to $38.3 billion as compared with $30.3 billion in 2023-24.
During June 2025, Saudi Arabia led the chart as $823.2 million were sent in remittances by overseas Pakistanis from the Kingdom.
It is followed by United Arab Emirates with $717.2 million, United Kingdom with $537.6 million and United States of America with $281.2 million.
How Strengthening SAR Benefits Pakistanis
A strengthening Saudi Riyal brings several benefits for Pakistanis receiving remittances from Saudi Arabia. When the Riyal gains value against the Pakistani Rupee, each Riyal sent back home converts into more Rupees.
This means families in Pakistan receive greater financial support, helping cover rising costs, education, healthcare, and savings. It also boosts purchasing power and stimulates local economic activity. Increased remittance value can reduce dependence on local loans and improve living standards.
Additionally, it encourages more overseas workers to remit funds, knowing their families benefit more from each transaction. Overall, a stronger Riyal strengthens household stability in Pakistan.