The Saudi Riyal (SAR) has gained strength against the Pakistani Rupee (PKR) in the open market, reflecting fluctuations in the forex exchange rate. On Thursday, February 20, 2025, the SAR to PKR exchange rate stood at Rs74.51, while the selling rate reached Rs75.03, according to financial market sources.
Latest SAR to PKR Exchange Rate
🔹 Buying Rate: Rs74.51
🔹 Selling Rate: Rs75.03
This increase marks a significant shift in the currency exchange market as demand for the Saudi Riyal rises in Pakistan.
Impact on Overseas Remittances
Despite the appreciation of the Saudi Riyal, remittances from Overseas Pakistanis in Saudi Arabia saw a 5.5% decrease in January 2025, amounting to $728.3 million. However, this figure remains 24% higher compared to $587.4 million sent in January 2024.
Pakistan-Saudi Arabia Economic Cooperation
Pakistan and Saudi Arabia continue to strengthen their economic ties. The Kingdom has been a key financial supporter of Pakistan, providing aid and investment in various sectors.
Recently, the two nations signed an agreement extending the deferred oil payment facility worth $1.2 billion for another year. The agreement was signed in the presence of Prime Minister Shehbaz Sharif and Saudi Fund for Development (SFD) CEO Sultan Abdulrahman Al-Marshad.
This initiative aims to:
✅ Ensure a stable supply of petroleum products
✅ Reduce Pakistan’s fiscal burden
✅ Strengthen economic stability
Conclusion
The Saudi Riyal’s appreciation against the Pakistani Rupee reflects market trends and foreign exchange dynamics. With increased remittances and economic agreements, Pakistan-Saudi relations continue to foster economic resilience and cooperation.
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