On Thursday, May 16, 2024, the buying rate for the Saudi Arabia Riyal (SAR) in Pakistan remained at Rs73.5, while the selling rate stood at Rs74.2 in the open market.
Data from the currency website indicated that the Saudi Riyal witnessed no change against the Pakistani Rupee in the open market.
Here's the breakdown of the SAR to PKR Rate on May 16, 2024:
- **May 16, 2024**: Rs73.5 (No Change)
- May 15, 2024: Rs73.5
The Saudi Riyal, abbreviated as SAR or SR, serves as the official currency of Saudi Arabia, with one Riyal being divided into 100 halalas.
With a significant population of over 2.7 million Pakistani expatriates in Saudi Arabia, the SAR to PKR exchange rate remains a topic of keen interest for them.
For those looking to convert Riyals into Pakistani Rupees, here are the rates as of May 16, 2024:
- 500 Saudi Riyals would amount to approximately Rs36,750 in the open market.
- 1,000 Saudi Riyals would be equivalent to around Rs73,500 in Pakistani currency.
Individuals carrying Saudi Riyals with them to Pakistan can easily convert them into Pakistani Rupees by visiting banks or branches of exchange companies.
