On Thursday, January 30, the Saudi Riyal (SAR) experienced a slight weakening in Pakistan’s open market.
The buying rate decreased by two paisas, standing at Rs74.34, while the selling rate also dropped to Rs74.54.
Saudi Arabia continued to be Pakistan’s largest contributor to foreign remittances in December 2024.
Overseas Pakistanis in the kingdom sent a total of $770.6 million during the month, showing a 6% increase from November and a 33% rise from the $577.6 million sent in the same month of 2023.
SAR to PKR Rate – 30 January 2025
| Date | Latest Exchange Rate | Change |
|---|---|---|
| January 30, 2025 | Rs. 74.34 | -02 paisa |
The Saudi Riyal is the official currency of Saudi Arabia, abbreviated as SAR. One Riyal is subdivided into 100 halalas.
As of January 30, with the Riyal rate at Rs74.34, 1,000 Saudi Riyals is equal to Rs74,340 in Pakistani currency.
The open market rate for one SAR in Pakistan is Rs74.34.
Saudi Arabia also extended a $3 billion deposit placed with Pakistan for another year, continuing to support Pakistan’s economy. Moreover, reports suggest that the Saudi Arabian mining fund, Manara Minerals, is set to acquire a 10-20% stake in Pakistan’s Reko Diq copper and gold project.
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