The exchange rate between Saudi Arabia and Pakistan remains stable. The Saudi Riyal to PKR rate showed no change today. Currency dealers in Karachi confirmed the stability. The buying rate stayed firm at Rs74.84. This rate matches yesterday’s closing figure. Market sentiment appears calm and consistent.
Current Market Trading Details
The official selling rate for the Riyal stood at Rs75.41. This rate is comfortably low. It sits well below the recent high. The previous high was Rs76.03 on July 28. Analysts are pointing to several factors. Stable remittance inflows are the key reason. Calm market sentiment also supports this trend. Stability in the open market is reassuring.
The Critical Role of Remittances
Funds sent by overseas Pakistanis are vital. Remittance inflows from Saudi Arabia are especially critical. These funds significantly support the national economy. Saudi Arabia is a top source country for these transfers.
The remittance figures are truly substantial. In May 2025 alone, the Kingdom contributed $913.3 million. This is a massive injection of foreign currency. Total remittances show strong growth. From July 2024 to May 2025, they exceeded $34.9 billion. This marks a notable 28.8% year-on-year increase. These figures highlight the enduring bond. They also show the importance of expatriate workers.
Impact of the Steady Saudi Riyal to PKR Rate
A stable Saudi Riyal to PKR rate is beneficial. It supports millions of Pakistani households. Many families rely on foreign earnings. These funds cover daily household expenses. For instance, 1,000 Riyals translates to Rs74,840. This calculation uses today’s stable buying rate. Predictability helps families budget better. It also supports small businesses.
The consistent rate reflects a strong financial corridor. This corridor connects Pakistan and Saudi Arabia. Market observers will continue monitoring this rate. They are looking for signs of future fluctuations. For now, the Saudi Riyal to PKR pair is holding firm. This stability is a positive economic indicator. It helps maintain consumer purchasing power. This consistency reduces import costs.
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