The exchange rate for the Omani Rial (OMR) against the Pakistani Rupee (PKR) stood at Rs 754.85 in the open market on Thursday, July 24.
According to the latest figures, the buying rate was recorded at Rs 744.85, while the selling rate remained at Rs 754.85.
This means that 1,000 Omani Rials can fetch approximately Rs 754,850 in the open market, making the currency particularly valuable for Pakistanis residing in or travelling to Oman. Currency exchange services are available at major banks and licensed exchange companies in both countries.
The Omani Rial holds particular economic importance for over 360,000 Pakistani expatriates living in Oman. These individuals are involved in a diverse range of occupations—ranging from unskilled labour in construction and domestic services to skilled jobs in plumbing, electrical work, and machinery operation.
Additionally, a growing number of Pakistanis in Oman have established small businesses, including grocery stores, tailoring shops, and restaurants. These enterprises contribute not only to the local economy but also to the economic well-being of their families back home through regular remittances.
Given the strong remittance flow and workforce presence, fluctuations in the OMR-PKR exchange rate continue to have a direct impact on thousands of Pakistani households.
