Saudi Riyal to PKR rate: Riyal exchange rate for Pakistan, 30 November 2024

On Saturday, November 30, 2024, the Saudi Riyal saw a slight dip in Pakistan’s open market after remaining stable earlier this week. The buying rate increased marginally to Rs. 74.01, while the selling rate edged up to Rs. 74.41.

The earlier stability in exchange rates reflected the enduring economic relationship between Saudi Arabia and Pakistan. As a significant contributor to Pakistan’s foreign remittances, Saudi Arabia plays a critical role in supporting the economy. Millions of Pakistani expatriates in Saudi Arabia continue to send remittances that strengthen foreign exchange reserves and provide financial support to families back home.

The partnership between the two nations extends beyond remittances, covering trade, energy, defense, and cultural exchanges. Shared religious and cultural values further reinforce their bond, with Saudi Arabia remaining a central destination for Pakistani pilgrims.

While the slight changes in the Riyal’s rate may not have a significant immediate impact, they highlight the dynamic nature of currency markets and their influence on remittance flows and economic activities.