On Monday, January 27, the Saudi Riyal (SAR) showed no change in the open market of Pakistan. The buying rate stands at Rs74.31, while the selling rate remains at Rs74.51.
Saudi Arabia continues to be the largest source of remittances for Pakistan. In December 2024, overseas Pakistanis residing in the kingdom sent $770.6 million in remittances.
This amount represents a 6% month-on-month increase and a significant 33% rise compared to the $577.6 million sent during the same month of the previous year.
SAR to PKR rate – 27 January 2025
| Date | Latest Exchange Rate | Change |
|---|---|---|
| January 27, 2025 | Rs. 74.31 | 0 |
The Saudi Riyal is the official currency of Saudi Arabia, abbreviated as SAR. One Riyal is subdivided into 100 halalas.
At Rs74.31, 1,000 Saudi Riyals equals Rs74,310 in Pakistani currency.
The rate of one SAR in the open market of Pakistan stands at Rs74.31.
In broader economic cooperation, Saudi Arabia recently extended its $3 billion deposit with Pakistan for another year to support the country's economic stability.
Additionally, Saudi Arabian mining fund Manara Minerals is reportedly planning to acquire a 10-20% stake in the Reko Diq copper and gold project in Pakistan.
