Saudi Riyal to Pakistani Rupee Exchange Rate: January 10, 2025

As of January 10, 2025, the exchange rate of the Saudi Riyal (SAR) in relation to the Pakistani Rupee (PKR) is recorded at Rs74.22 in the open market. The selling rate stands slightly higher at Rs74.62.

Economic Partnership between Pakistan and Saudi Arabia

The long-standing partnership between Pakistan and Saudi Arabia is deeply rooted in mutual economic benefits and significant financial support from Saudi Arabia. This robust relationship is further exemplified by the steady flow of remittances from Pakistani expatriates in Saudi Arabia, which forms a vital lifeline for Pakistan’s economy.

Key Highlights:

• Remittances: Millions of Pakistani workers in Saudi Arabia remit substantial amounts of money to their families in Pakistan, contributing significantly to household incomes, educational expenses, and local economic development.
• Labour Market: Saudi Arabia remains a top destination for Pakistani labourers. Upon returning to Pakistan, these workers often exchange Saudi Riyals (SAR) for Pakistani Rupees (PKR), facilitating active currency exchange between the two nations.

This ongoing financial interaction underscores the importance of the Saudi Riyal in Pakistan’s foreign exchange market, reflecting the dynamic economic ties between the two countries.