The Saudi Riyal (SAR) recorded slight gains in the Pakistani open market on Wednesday, April 16, 2025, trading at Rs74.77.

The selling rate also inched higher to Rs75.32 on the third business day of the week.

SAR to PKR exchange rate – April 16, 2025

The Saudi Riyal, abbreviated as SAR or SR, is the official currency of Saudi Arabia. One Riyal is divided into 100 halalas.

Pakistan and Saudi Arabia continue to enjoy deep-rooted diplomatic, cultural, and economic relations, strengthened by their shared Islamic heritage and mutual strategic interests.

Saudi Arabia remains a critical economic ally for Pakistan, extending financial support, investments, and oil assistance during times of need.

With an estimated 2.5 to 2.7 million Pakistanis residing in Saudi Arabia, the country hosts one of the largest Pakistani expatriate communities. These workers contribute to the Saudi economy and play a vital role in remittance flows back home.

Remittance update

In February 2025, Pakistani workers in Saudi Arabia sent $744.4 million in remittances. This marked:

A 2.21% increase from January 2025
A 37.88% jump compared to February 2024

Such inflows remain a backbone for Pakistan’s foreign exchange reserves and economic stability.

Pakistan’s foreign reserves

As of the week ending March 28, 2025, Pakistan’s total liquid foreign reserves stood at $15.58 billion, with the State Bank of Pakistan (SBP) holding $10.68 billion.

These reserves provide a cushion against external economic shocks and help maintain exchange rate stability.