On January 10, 2025, the Omani Rial (OMR) exchange rate against the Pakistani Rupee (PKR) was recorded at:
- Buying Rate: Rs721.25
- Selling Rate: Rs729.75
This steady exchange rate reflects the stable economic relationship between Oman and Pakistan, particularly driven by the remittances from the sizable Pakistani expatriate community in Oman.
Omani Rial (OMR): An Overview
The Omani Rial, denoted as OMR, is the official currency of Oman, subdivided into 1,000 baisa. Its strength against the Pakistani Rupee (PKR) plays a crucial role in financial planning for both expatriates and local businesses dealing in Omani currency.
Conversion Examples:
- 500 OMR = Rs360,625
- 1,000 OMR = Rs721,250
Impact on Pakistani Expatriates in Oman
Approximately 250,000 Pakistani expatriates reside in Oman, engaged in various sectors. The exchange rate of OMR to PKR is particularly significant for these individuals, as it influences the value of remittances sent back home, which are essential for supporting families and local economies in Pakistan.
Currency Exchange Context:
The OMR to PKR exchange rate is part of a broader economic landscape involving other major currencies such as the US Dollar (USD), United Arab Emirates Dirham (AED), and Saudi Riyal (SAR), which also hold substantial relevance for the Pakistani economy.
