Saudi Riyal to Pakistani Rupees 2025 Exchange Rate Remains Steady

The Saudi Riyal exchange rate against the Pakistani Rupee remained relatively stable, with a buying rate of Rs74.40 and a selling rate of Rs74.63 on February 10, 2025, reflecting the strong economic ties between Pakistan and Saudi Arabia, including a recent $3 billion deposit from the kingdom.

The exchange rate of Saudi Riyals for Pakistani Rupees is a crucial aspect of the economic interdependence between the two nations, with Pakistani expatriates working in Saudi Arabia sending substantial remittances back to Pakistan, which are vital for the country's economy. In December 2024, these remittances reached a record $770.6 million, marking a 6% increase from the previous month and a 33% increase from the same period last year.

The strengthening of the Saudi Riyal against the Pakistani Rupee is attributed to the close relations between the two countries and the increasing remittances sent by Pakistani expatriates. Additionally, Pakistan's agreement with Saudi Arabia for deferred payment for oil imports worth $1.2 billion for another year is expected to strengthen Pakistan's economic resilience by securing a stable supply of petroleum products while reducing immediate fiscal burdens.

The Saudi Riyal saw a slight increase in the open market, with its selling rate recorded at Rs74.57 and buying rate at Rs74.44, compared to the previous day's rates. This modest adjustment reflects a small rise in the value of the Saudi Riyal against the Pakistani Rupee, with minimal fluctuations in recent days.

The stable exchange rate and increasing remittances from Pakistani expatriates in Saudi Arabia are expected to have a positive impact on Pakistan's economy, highlighting the significance of the economic ties between the two nations.