Riyal to PKR Exchange Rate Steady at 75.17
The exchange rate stability between SAR and PKR has significant implications for the economic relationship between the two countries, particularly in terms of remittances and foreign exchange reserves, which are vital for Pakistan's economic stability and growth.
The Saudi Riyal (SAR) to Pakistani Rupee (PKR) exchange rate remained unchanged on June 2, 2025, with the rate standing at Rs75.17 for 1 SAR, while the selling rate was at Rs75.97, indicating minor fluctuations in the market.
The stability in the exchange rate is crucial for remittances, trade, and investment activities between Pakistan and Saudi Arabia. Overseas Pakistanis in the Kingdom sent remittances worth $725.4 million in April 2025, which, although down 26% from the previous month, represents a 2% increase from April 2024. This highlights the significant role that Saudi Arabia plays in Pakistan's foreign exchange reserves.
Pakistan's total liquid foreign reserves stood at $16,636.7 million as of May 23, 2025, with the State Bank of Pakistan holding $11,516 million and commercial banks holding $5,120.7 million. The slight decrease from the previous week underscores the importance of stable exchange rates for maintaining healthy foreign reserves. Meanwhile, gold prices in Saudi Arabia were at 4,625 Riyal per tola and 3,969 SAR for 10-gram as of June 2, 2025, reflecting the economic activities in the region.
The consistent exchange rate of SAR to PKR at Rs75.17 on June 2, 2025, along with the observed remittance trends and foreign reserve levels, suggests a complex economic landscape that requires careful monitoring and management to support the economic ties between Pakistan and Saudi Arabia.