On Thursday, November 28, 2024, the Saudi Riyal maintained its position in Pakistan’s open market, with no fluctuations recorded in its rates. The buying rate remained steady at Rs. 73.99, while the selling rate stood firm at Rs. 74.39.
The stable exchange rate underscores the consistent economic ties between Saudi Arabia and Pakistan. As one of Pakistan’s largest sources of foreign remittances, Saudi Arabia continues to play a pivotal role in supporting the country’s economy. Millions of Pakistani workers in Saudi Arabia contribute significantly through remittances, which bolster foreign exchange reserves and uplift countless households.
The enduring partnership between the two nations spans various sectors, including trade, energy, defense, and culture. Beyond economic collaboration, the shared cultural and religious bonds further deepen their ties, with Saudi Arabia being a key destination for Pakistani pilgrims.
The unchanged exchange rate ensures stability for remittance senders and receivers, protecting their hard-earned income from market fluctuations.
