On Saturday, February 01, the Saudi Riyal (SAR) saw a slight decline in Pakistan’s open market, with its buying rate falling by one paisa to stand at Rs74.36.
The selling rate also decreased, reaching Rs74.57.
Saudi Arabia remained Pakistan's top contributor to foreign remittances in December 2024, with overseas Pakistanis in the kingdom sending $770.6 million during the month.
This was a 6% increase compared to the previous month and a 33% rise from the $577.6 million sent in the same month the previous year.
SAR to PKR Rate – 01 February 2025
| Date | Latest Exchange Rate | Change |
|---|---|---|
| February 01, 2025 | Rs. 74.36 | -01 paisa |
The Saudi Riyal, abbreviated as SAR or SR, is the official currency of Saudi Arabia. It is subdivided into 100 halalas.
As of February 01, with the Riyal rate at Rs74.36, 1,000 Saudi Riyals equals Rs74,360 in Pakistani currency.
The rate for one SAR in Pakistan's open market stands at Rs74.36.
In other news, Saudi Arabia extended a $3 billion deposit with Pakistan for another year to further support Pakistan’s economy. Additionally, Saudi Arabian mining fund, Manara Minerals, is reportedly set to acquire a 10-20% stake in the Reko Diq copper and gold project in Pakistan.
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