On Monday - February 03 - the Saudi Riyal (SAR) remained unchanged in Pakistan's open market, with its buying rate staying at Rs74.36. The selling rate also saw no change, remaining at Rs74.57.
Saudi Arabia continued to be Pakistan’s top contributor to foreign remittances in December 2024. Overseas Pakistanis residing in the kingdom sent the largest remittance of $770.6 million during the month.
This figure was up 6% from the previous month and a significant 33% higher than the $577.6 million remitted by expatriates in the same month of the previous year.
SAR to PKR Rate – 03 February 2025
| Date | Latest Exchange Rate | Change |
|---|---|---|
| February 03, 2025 | Rs74.36 | 0 |
The Saudi Riyal, abbreviated as SAR or SR, is the official currency of Saudi Arabia. One Riyal is subdivided into 100 halalas.
With the Riyal rate at Rs74.36, 1,000 Saudi Riyals equals Rs74,360 in Pakistani currency as of February 03.
The exchange rate for one SAR in Pakistan’s open market stands at Rs74.36.
In additional news, Saudi Arabia has extended its $3 billion deposit with Pakistan for another year, aimed at bolstering Pakistan's economy. Moreover, reports indicate that the Saudi Arabian mining fund, Manara Minerals, is poised to acquire a 10-20% stake in the Reko Diq copper and gold project in Pakistan.
