On Wednesday, January 29, the Saudi Riyal (SAR) saw a slight strengthening in Pakistan’s open market.
The buying rate rose by three paisas to Rs74.36, while the selling rate also increased, standing at Rs74.56.
Saudi Arabia continued to be the leading contributor to Pakistan’s foreign remittances in December 2024.
Overseas Pakistanis residing in the kingdom sent the highest remittance amount of $770.6 million, marking a 6% monthly increase and a 33% year-on-year rise from the $577.6 million sent in December 2023.
SAR to PKR Rate – 29 January 2025
| Date | Latest Exchange Rate | Change |
|---|---|---|
| January 29, 2025 | Rs. 74.36 | +03 paisa |
The Saudi Riyal is the official currency of Saudi Arabia, abbreviated as SAR. One Riyal is subdivided into 100 halalas.
As of January 29, with the Riyal rate at Rs74.36, 1,000 Saudi Riyals is equal to Rs74,360 in Pakistani currency.
The open market rate for one SAR in Pakistan is Rs74.36.
Additionally, Saudi Arabia has extended a $3 billion deposit placed with Pakistan for another year to continue supporting Pakistan’s economy.
