Saudi Riyal (SAR) has witnessed a decline in its value against the Pakistani Rupee (PKR). The new exchange rate stands at Rs74.44, representing a decrease of Rs1.18 compared to the previous day's rate of PKR 75.62.
Today 1 SAR to PKR conversion rate is Rs74.44 as Saudi Riyal to PKR buying and selling rates are different in interbank and currency exchange or open market rates. Saudi Riyal to Pakistani Rupee has been decreased by Rs1.18 in open bank trading.
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The World Bank expects Saudi Arabia's economy to contract by 0.9% in 2023, it said in a report on Thursday, revising its growth forecast for the world's top oil exporter sharply lower on the back of production cuts and lower prices.
Overall growth in the Middle East and North Africa (MENA) region is also expected to slow, now forecast at 1.9% in 2023, down from 6% last year and lower than the 3% the World Bank forecast in April.
