The Saudi Riyal (SAR) witnessed a minor gain against the Pakistani Rupee (PKR) on Thursday, as the exchange rate in the open market appreciated by six paisas.
On Friday morning, the buying rate of the Riyal in the open market is Rs. 75.05, and the selling rate is 75.60.
In the interbank market, the buying rate of the Riyal is Rs. 74.88, and the selling rate is Rs. 75.01, as per the data shared by forex.com.pk at 8:30 am.
Saudi Arabia remains a critical economic ally for Pakistan, extending financial support, investments, and oil assistance during times of need.
With an estimated 2.5 to 2.7 million Pakistanis residing in Saudi Arabia, the country hosts one of the largest Pakistani expatriate communities. These workers contribute to the Saudi economy and play a vital role in remittance flows back home.
Meanwhile, Pakistan’s total liquid foreign reserves stood at $15.58 billion, with the State Bank of Pakistan (SBP) holding $10.68 billion.
These reserves provide a cushion against external economic shocks and help maintain exchange rate stability.
