KARACHI – The Saudi Riyal (SAR) exchange rate remained stable against the Pakistani Rupee (PKR) in the open market on Monday, March 10, 2025. The buying rate stood at Rs74.63, while the selling rate was recorded at Rs75.18, as per the Forex Association of Pakistan.

Saudi Riyal, abbreviated as SAR or SR, is the official currency of Saudi Arabia and is subdivided into 100 halalas. As per the current exchange rate, 1,000 SAR is equivalent to Rs74,630 in Pakistani currency.

Saudi Arabia hosts a large number of Pakistani expatriates working in various sectors, contributing significantly to Pakistan’s forex reserves through remittances. In January 2025, Pakistanis in Saudi Arabia sent $728.3 million, reflecting a 5.5% decline from the previous month. However, this was a 24% increase compared to $587.4 million remitted in January 2024.

The steady exchange rate ensures stability in remittance inflows, which play a crucial role in Pakistan’s economy.