In the open market on Saturday, June 21, 2025, the exchange rate of the Saudi Riyal (SAR) remained unchanged against the Pakistani Rupee (PKR, with the buying rate standing at Rs75.59 and the selling at Rs76.14.
The stability in SAR comes amid continued demand linked to remittance inflows and seasonal travel during the Hajj period, as a large number of Pakistanis based in the Kingdom contribute to foreign exchange reserves.
With the prevailing buying rate, 500 Saudi Riyals convert to Rs37,785 in the open market.
It should be noted that currency exchange plays a critical role in enabling global trade, travel, and investment by allowing businesses and individuals to convert one currency into another. Exchange rates are influenced by a complex mix of factors, including supply and demand, interest rates, inflation, political conditions, and overall economic performance.
In some cases, central banks may intervene in foreign exchange markets to stabilize or influence currency values. For businesses, understanding exchange rates helps manage international operations, while travelers benefit from better budgeting for overseas expenses.
According to the State Bank of Pakistan (SBP), workers’ remittances from overseas Pakistanis reached nearly $35 billion during the July 2024 to May 2025 period — a 28.8% increase compared to the same period in the previous fiscal year.
