On Monday’s open market, the Saudi Riyal (SAR) was bought at Rs75.59 and sold at Rs76.14, maintaining the same exchange rate against the Pakistani Rupee (PKR).
Rate stability coincides with ongoing demand for Saudi money, which is mostly due to seasonal travel and an increase in remittances from Pakistanis living abroad, especially those in the Kingdom of Saudi Arabia.
Because remittances have a major impact on Pakistan’s foreign exchange reserves, the SAR to PKR exchange rate is still one of the most closely watched in the nation.
500 PKR (Saudi Riyals), for those who depend on remittance transfers from Gulf countries, 500 Saudi Riyals translates to Rs37,785 at the current purchase rate, providing steady returns.
In FY25, remittances totaled $34.9 billion. The State Bank of Pakistan (SBP) said that during the first eleven months of the current fiscal year, worker remittances increased by 28.8% to $34.9 billion between July 2024 and May 2025. The rise demonstrates a growing pattern in foreign financial contributions.
Remittances in May 2025 alone totaled $3.69 billion, the highest monthly amount for the fiscal year. With $913.3 million contributed by Pakistani workers, Saudi Arabia topped the remittance chart. The United Arab Emirates (UAE) came in second with $754.2 million.
