KARACHI: The Saudi Riyal (SAR) remained firm at Rs74.84 against the Pakistani Rupee (PKR) in today’s open market, matching yesterday’s rate, currency dealers reported. The selling rate stood at Rs75.41, comfortably below the July 28 high of Rs76.03. Analysts say stable remittance inflows and calm market sentiment are keeping the currency steady.
Remittances from Pakistanis working in Saudi Arabia continue to play a critical role in the economy. In May 2025 alone, the Kingdom contributed $913.3 million, with total remittances from July 2024 to May 2025 exceeding $34.9 billion, a 28.8% year-on-year increase. At today’s rate, 1,000 Riyals provide Rs74,840, sustaining millions of households dependent on foreign earnings for daily expenses.
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The stable Riyal rate is helping importers of Saudi crude, chemicals, and other goods plan their budgets while supporting Pakistan’s foreign exchange reserves, which stood above $11 billion by October 2024. A consistent currency also helps keep Pakistan’s exports, including textiles, rice, and leather, competitive in international markets.
The Saudi Riyal, pegged to the US dollar and divided into 100 halala, offers reliability for expatriates and the domestic market alike. The Pakistani Rupee, under a managed float supervised by the State Bank of Pakistan, reacts to inflation, trade flows, and remittance inflows, making these foreign earnings essential for stability.
With the SAR holding at Rs74.84, financial analysts remain optimistic that continued remittances and controlled currency fluctuations will support households, trade, and macroeconomic stability in Pakistan.
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