Saudi Riyal stable against Pakistani Rupee impacting remittances and trade

The Saudi Riyal has maintained its stability against the Pakistani Rupee, with a buying rate of Rs75.64 and a selling rate of Rs76.21, following slight fluctuations last week, attributed to sustained inflows from overseas Pakistanis, particularly from Saudi Arabia.

This stability in the exchange rate is a welcome relief for many, especially during the post-Hajj financial cycle, as small rate changes can significantly impact the amount of money reaching families of overseas Pakistanis. The current exchange rates for the Saudi Riyal and UAE Dirham against the Pakistani Rupee have remained unchanged, with the Saudi Riyal quoted at 75.60 for buying and 76.40 for selling, and the UAE Dirham at 77.30 for buying and 78.10 for selling.

The Qatari Riyal showed minor movement, with a buying rate of PKR 76.90 and a selling rate of PKR 78.30. The stability in exchange rates is seen as a positive sign for the economy, boosting confidence in cross-border trade and investment. Remittances from the Middle East, particularly from Saudi Arabia and the UAE, have been a significant source of support for Pakistan's economy.

In May 2025, remittances from Saudi Arabia increased by 25% year-on-year, highlighting the importance of these inflows for Pakistan's economic stability. The sustained inflows from overseas Pakistanis have contributed to the stability of the Pakistani Rupee against the Saudi Riyal, which is expected to continue supporting the economy in the coming months.

The stability of the Saudi Riyal against the Pakistani Rupee is a crucial factor in maintaining economic stability, and its impact on remittances and trade will be closely monitored in the coming weeks. As the economy continues to evolve, the exchange rate will remain a key indicator of its performance, influencing purchasing power, import costs, and inflation trends.