The exchange rate saw a minor change today. The Saudi Riyal to Pakistani Rupee rate edged down slightly. It settled at Rs74.80 in the open market. This is a small decline from Rs74.84 recorded last week. Currency dealers noted this market recalibration. This modest drop is linked to steady remittance inflows. The Riyal maintains its vital role in Pakistan’s economy. The selling rate for the Riyal is now Rs75.37.
Remittances: A Lifeline from Saudi Arabia
The Saudi Riyal to Pakistani Rupee exchange impacts millions of families. These families rely on earnings from Saudi Arabia. Workers send home remittances from key sectors. These include construction, health, and hospitality. Saudi Arabia is Pakistan’s largest contributor of remittances. In May 2025, inflows reached $913.3 million. Remittance inflows totaled $34.9 billion from July 2024 to May 2025. This showed a strong year-on-year increase of $28.8\%$.
Impact of the Rate Change
The slight dip affects budgets immediately. Today’s rate means 1,000 Riyals convert to Rs74,800. This is a minor reduction from the previous Rs74,840. This small shift can slightly dent purchasing power. Families use these funds for essentials like education and medical care. For businesses, a slightly weaker Riyal eases import costs. This supports Pakistan’s trade balance. The Riyal’s stability, being pegged to the US dollar, aids this.Macroeconomic Stability and Currency Basics
On a macroeconomic level, the Riyal bolsters Pakistan’s reserves. Foreign exchange reserves crossed $11 billion in October 2024. This supports inflation control and debt management. A weaker Rupee can also enhance export competitiveness. This aligns with efforts towards economic resilience.
The Saudi Riyal to Pakistani Rupee pair is crucial. It is pegged against the US dollar for reliability. This makes it a trusted medium for trade and remittances. Its value reflects inflation and trade flows. Traders should remain vigilant of even minor shifts. The Riyal remains a steady anchor for economic stability.
READ MORE :Saudi Riyal Rate in Pakistan