Pakistani Rupee continued its winning streak against Saudi Arabia’s currency in the market with an increase of 18 paisas. The new rate of the Saudi Riyal is Rs73.62 in comparison to the closing rate on Monday Rs73.80.

Today 1 SAR to PKR conversion rate is PKR 73.62 in the open market 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 Rs0.18 in open bank trading.

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Saudi Vision 2030

Crown Prince, Prime Minister, and Chairman of the Public Investment Fund (PIF) Mohammed bin Salman announced launched of Ardara Company, with the aim of developing the ‘Al-Wadi’ project in the heart of Abha in the southern Asir region in Saud Arabia.

The AlWadi, the company’s first project, to be a vibrant urban center and an attractive tourist destination for local and international visitors in line with the goals of Saudi Vision 2030.

The AlWadi flagship destination is set to contribute more than SR19 billion to the country’s non-oil GDP by 2030, and will create thousands of jobs for the citizens of the region. It will also contribute to the objectives of the Aseer Development Strategy, dubbed “Arabian Highland” announced by the Crown Prince in 2021.

The AlWadi – meaning “the valley”– will span 2.5 million square meters and will be developed with sustainability at its core. It will enhance quality of life by dedicating over 30 percent of the project’s area as green open spaces, with over 16 km of waterfront extending across the length of the project, and 17 km of sport trails, as well as cultural and community activities.