Stable Saudi Riyal to PKR Rate at Rs74.90
The steady exchange rate and increased remittances from Saudi Arabia are expected to have a positive impact on Pakistan's economy, with the country's foreign exchange reserves and economic stability benefiting from the strong ties between the two nations.
The exchange rate of the Saudi Riyal to the Pakistani Rupee remains steady at Rs74.90 as of April 28, 2025, reflecting the strong economic ties between the two countries, with Saudi Arabia being a significant source of remittances for Pakistan.
The Saudi Riyal, subdivided into 100 halalas, is the official currency of Saudi Arabia, a country that has a long-standing diplomatic, cultural, and economic relationship with Pakistan. With a large expatriate community of 2.5-2.7 million Pakistanis residing in Saudi Arabia, the exchange rate between the two currencies has a substantial impact on the remittances sent back to Pakistan.
In February 2025, Pakistani workers in Saudi Arabia sent $744.4 million in remittances, marking a 2.21% increase from January and a 37.88% jump from February 2024. These remittances play a vital role in supporting Pakistan's foreign exchange reserves and overall economic stability. As of March 28, 2025, Pakistan's total liquid foreign reserves stood at $15.58 billion, with the State Bank of Pakistan holding $10.68 billion.
The stable exchange rate of the Saudi Riyal to the Pakistani Rupee is expected to continue supporting the flow of remittances from Saudi Arabia, which is crucial for Pakistan's economic growth and development. The strong economic ties between the two countries are likely to remain a key factor in shaping the exchange rate and the overall economic relationship between Pakistan and Saudi Arabia.