The exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) remained unchanged in the open market on Monday, with the currency being bought at Rs75.59 and sold at Rs76.14.
The stability in rates comes amid sustained demand for the Saudi currency, largely attributed to seasonal travel and rising remittances from overseas Pakistanis, particularly those residing in the Kingdom of Saudi Arabia.
The SAR to PKR exchange rate remains among the most tracked in Pakistan due to the significant impact remittances have on the country’s foreign exchange reserves.
500 Saudi Riyals in PKR
At the prevailing buying rate, 500 Saudi Riyals convert to Rs37,785, offering consistent returns for individuals relying on remittance transfers from Gulf nations.
Remittances Reach $34.9bn in FY25
According to data released by the State Bank of Pakistan (SBP), workers’ remittances surged by 28.8 percent during the first eleven months of the current fiscal year, reaching $34.9 billion from July 2024 to May 2025. The increase highlights a strengthening trend in overseas financial contributions.
May 2025 alone recorded $3.69 billion in remittances—the highest monthly figure for the fiscal year. Saudi Arabia topped the remittance chart, with $913.3 million sent by Pakistani workers, followed by $754.2 million from the United Arab Emirates (UAE).
