Islamabad, May 12, 2025: The Saudi Riyal to Pakistani Rupee exchange rate opened the business week without any movement, signaling continued market stability amid growing remittance inflows from the Gulf.
The SAR to PKR rate stayed firm at Rs75.10 for buying and Rs75.65 for selling, according to the latest figures from the Forex Association of Pakistan.
The Saudi Riyal (SAR), the official currency of the Kingdom of Saudi Arabia, remained unchanged against the Pakistani Rupee (PKR) as trading resumed for the new week. As per market data:
- 1 Saudi Riyal = Rs75.10 (buying)
- 1,000 Saudi Riyals = Rs75,100
This stability in the SAR to PKR exchange rate underscores a steady forex trend, crucial for millions of Pakistani families relying on overseas remittances from the Gulf region.
Saudi Arabia continues to play a pivotal role in Pakistan’s economic landscape.
With over 2.5 million Pakistanis living and working in Saudi Arabia, the Kingdom not only provides employment opportunities but also stands as a vital source of foreign remittances—an economic lifeline for Pakistan.
In February 2025, Pakistani workers in Saudi Arabia remitted a total of $744.4 million, reflecting:
- A 2.21% increase from January 2025
- A 37.88% surge compared to February 2024
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Economist Aamir Nawaz explains, “These growing remittance figures are critical. They help cushion Pakistan’s balance of payments and support the rupee’s stability against foreign currencies like the Saudi Riyal.”
Foreign Reserves Overview:
Pakistan’s total liquid foreign reserves, as of March 28, 2025, stood at $15.58 billion. Of this, the State Bank of Pakistan (SBP) held $10.68 billion.
These reserves serve as a buffer against external economic shocks and assist in maintaining exchange rate stability.
Saudi Arabia remains one of Pakistan’s closest allies, offering regular oil supply on deferred payments, strategic financial aid, and investment commitments in critical sectors such as energy, mining, and infrastructure.
