Follow Us on Google News
The Saudi Riyal saw a slight decline against the Pakistani Rupee in the open market, settling at Rs74.20 on Thursday, February 13, 2025. The selling rate of the Riyal also dipped, with various exchange companies offering it for Rs74.75 on the fourth day of the business week.
Millions of Pakistani expatriates in Saudi Arabia send substantial portions of their earnings back home each year, acting as a financial lifeline for their families. These funds support daily expenses, education, and local economies, further strengthening the economic bond between the countries.
Saudi Arabia is also a major destination for Pakistani workers seeking employment. Many of these workers convert their Saudi Riyals to Pakistani Rupees (PKR) upon returning home, highlighting the active currency exchange between the two nations.
In addition to remittances, the broader economic partnership between Pakistan and Saudi Arabia reflects deep cultural, political, and religious ties. Saudi Arabia remains a steadfast ally, offering economic aid, security cooperation, and humanitarian assistance to Pakistan.
Karachi will experience a drop in the temperature over the next three days. The...
Gold prices declined in the Pakistani market on Friday, following a drop in the...
The Islamabad Traffic Police (ITP) have issued a traffic management plan related to the...