Stable Saudi Riyal to Pakistani Rupee Exchange Rate
The record high remittances from Saudi Arabia in May 2025 have contributed to a significant increase in total remittances for the fiscal year 2024-25, with a 28.8% rise from the same period last year, reaching $34.9 billion.
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The Saudi Riyal maintained its stability against the Pakistani Rupee on June 16, 2025, with the buying rate at Rs75.37 and selling rate at Rs75.92, showing no fluctuation in its exchange rates.
The stability in the exchange rate between the Saudi Riyal and Pakistani Rupee is significant, given the importance of remittances from Saudi Arabia to Pakistan's economy. Saudi Arabia is the largest source of remittances for Pakistan, and the recent data shows a record high of $913.3 million in remittances in May 2025.
The total remittances for the first 11 months of the fiscal year 2024-25 have reached $34.9 billion, which represents a 28.8% increase from the same period last year. This increase in remittances is a positive sign for Pakistan's economy, which has been facing challenges in recent years.
The stable exchange rate and increase in remittances from Saudi Arabia are expected to have a positive impact on Pakistan's economy, and will likely be welcomed by the government and citizens alike. The government will be hoping to build on this momentum to drive economic growth and stability in the coming months.