Karachi, Pakistan – The exchange rate of the Saudi Riyal (SAR) to Pakistani Rupee (PKR) has remained unchanged in the open market as of Saturday, February 15, 2025.
According to market trends, the buying rate of 1 SAR stands at Rs74.20, while the selling rate is Rs74.75. This stability is due to steady trade relations and foreign exchange policies between Pakistan and Saudi Arabia.
Current Saudi Riyal to PKR Exchange Rate
| Saudi Riyal (SAR) | Pakistani Rupee (PKR) |
|---|---|
| Buying Rate | Rs74.20 |
| Selling Rate | Rs74.75 |
A person exchanging 1,000 Saudi Riyals would receive Rs74,200 in the Pakistani currency.
Pakistan and Saudi Arabia: Strong Economic Ties
Pakistan and Saudi Arabia share close economic and diplomatic relations. The Kingdom has provided financial support to Pakistan, especially during challenging economic periods.
Key Economic Agreements Between the Two Nations:
- ✅ $1.2 Billion Deferred Oil Payment: Saudi Arabia continues to supply oil to Pakistan on a deferred payment basis to ease financial pressure.
- ✅ $3 Billion Deposit in Pakistan’s Reserves: The Saudi government has extended financial assistance to support Pakistan’s economy.
- ✅ Booming Worker Remittances: Millions of Pakistanis work in Saudi Arabia, sending substantial remittances back home.
Saudi Arabia: The Biggest Source of Remittances
Saudi Arabia is home to a large number of Pakistani expatriates, contributing significantly to Pakistan’s economy through remittances.
🔹 In December 2024, overseas Pakistanis in Saudi Arabia sent $770.6 million back home.
🔹 This was 6% higher than the previous month and 33% more than December 2023.
These remittances play a crucial role in strengthening Pakistan’s foreign reserves and stabilizing the currency exchange rate.
What’s Next for SAR to PKR Exchange Rate?
While the exchange rate remains stable, fluctuations may occur based on:
- ✔ Global oil prices
- ✔ Trade agreements
- ✔ Pakistan’s foreign exchange reserves
- ✔ Monetary policies of the State Bank of Pakistan
For the latest updates, stay tuned to currency exchange market trends.
Conclusion:
The Saudi Riyal to PKR exchange rate remains unchanged at Rs74.20 (buying) and Rs74.75 (selling) as of February 15, 2025. With strong financial ties between the two nations and continued remittances, the exchange rate is expected to remain stable in the near future.