Saudi Riyal Pakistani Rupee Rate 2025 Stable
The Saudi Riyal's stability against the Pakistani Rupee is a significant factor in the country's economic stability, with remittances from Pakistani expatriates in Saudi Arabia playing a crucial role in supporting local economies and boosting forex reserves, with a notable increase of 24% in January 2025.
The Saudi Riyal to Pakistani Rupee rate remained stable at Rs74.52 on March 6, 2025, with a selling rate of Rs74.65, as the partnership between Pakistan and Saudi Arabia continues to strengthen through financial assistance and remittances from Pakistani expatriates.
The financial assistance from Saudi Arabia, including a $3 billion deposit, has been crucial for Pakistan's economy. Additionally, millions of Pakistani expatriates in Saudi Arabia send remittances back to Pakistan, supporting local economies. In January 2025, overseas Pakistanis in Saudi Arabia sent $728.3 million in remittances, a 24% increase from the same month last year.
The exchange rate has remained relatively stable, with the Saudi Riyal reaching Rs74.61 against the Pakistani rupee in the open market on March 6, 2025. The selling rate for 1 SAR is Rs75.16, according to forex.pk. The stability of the exchange rate is expected to continue, given the strong economic ties between the two countries.
The stable exchange rate and increased remittances are expected to have a positive impact on Pakistan's forex reserves, which are crucial for the country's economic stability. As the partnership between Pakistan and Saudi Arabia continues to grow, the economic benefits are likely to be felt by both countries.
