The Saudi Riyal (SAR) has remained largely stable against the Pakistani Rupee (PKR) in the open market, with a buying rate of Rs76.05 today on June 30, according to currency dealers.
Meanwhile, the Pakistani rupee recorded a slight appreciation against the US dollar, rising by 0.02% during the early hours of trading in the interbank market on Monday.
A large number of Pakistanis live in Saudi Arabia, working in various sectors and sending remittances that play a crucial role in Pakistan’s forex reserves.
Also read: Forex rates in Pakistan on Monday – June 30, 2025
In May 2025, Pakistan received $3.7 billion in remittances, with Saudi Arabia being the largest contributor, sending $913.9 million. This influx brings the total remittances for July-May FY2024-25 to $34.9 billion, a 28.8% increase compared to the same period last year.
