The trade charge of the Saudi Riyal (SAR) in opposition to the Pakistani Rupee (PKR) remained unchanged at Rs74.2 within the open market on Thursday, February 20, 2025.
The promoting charge of the Riyal additionally remained fixed as it’s being offered for Rs74.75 on the fourth day of the enterprise week.
The Saudi riyal is the official foreign money of Saudi Arabia. It’s abbreviated as SAR, or SR. One Riyal is subdivided into 100 halalas.
The partnership between Pakistan and Saudi Arabia is marked by a long-established and mutually useful alliance, underscored by appreciable monetary help from the dominion.
Not too long ago, Saudi Arabia additionally prolonged a $3 billion deposit positioned with Pakistan for an additional 12 months to proceed bolstering the economic system of the South Asian nation.
Annually, hundreds of thousands of Pakistani expatriates working in Saudi Arabia ship substantial parts of their earnings again to Pakistan.
Learn extra: Gold charges in Saudi Arabia – 19 February, 2025
These remittances are essential monetary sources that permit households to handle every day residing prices, help academic pursuits, and invigorate native economies.
This monetary interdependence additional strengthens the financial connections between the 2 nations.
Furthermore, Saudi Arabia serves as a key vacation spot for Pakistani labourers looking for job alternatives. Upon their return, many of those employees trade Saudi Riyals for Pakistani Rupees (PKR), reflecting the energetic foreign money transactions that happen between the 2 nations.
In the meantime, the pure gold charges in Saudi Arabia was recorded at 4,113 Saudi Riyal (SAR) per tola on Thursday, February 20, 2025.
In keeping with particulars from Foreign exchange.pk, 10 grams of pure gold in Saudi Arabia is being offered at SAR 3,530. Moreover, the worth for an oz of gold is SAR 10,981.