The Saudi Riyal (SAR) maintained its position against the Pakistani Rupee in the open market on Monday, April 21, 2025, with no major fluctuations observed.
According to the Forex Association of Pakistan, the buying rate of the Riyal stood at Rs74.81, while the selling rate remained steady at Rs75.35 on the first day of the new business week.
SAR to PKR exchange rate – April 21, 2025
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1 Saudi Riyal (SAR) = Rs74.78
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1,000 SAR = Rs74,780
The Saudi Riyal, abbreviated as SAR or SR, is the official currency of the Kingdom of Saudi Arabia. Each 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.
