The alternate fee of the Saudi Riyal (SAR) towards the Pakistani Rupee (PKR) was recorded at Rs74.52 within the open market on Wednesday, February 26, 2025.
The promoting fee of the Riyal additionally remained fixed as it’s being bought for Rs74.65.
The Saudi riyal is the official forex 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 helpful alliance, underscored by appreciable monetary help from the dominion.
Just lately, Saudi Arabia additionally prolonged a $3 billion deposit positioned with Pakistan for one more yr to proceed bolstering the financial system of the South Asian nation.
Every year, thousands and thousands of Pakistani expatriates working in Saudi Arabia ship substantial parts of their earnings again to Pakistan.
Learn extra: Gold charges in Saudi Arabia – 25 February, 2025
These remittances are essential monetary sources that permit households to handle day by day residing prices, help instructional 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 in search of job alternatives. Upon their return, many of those employees alternate Saudi Riyals for Pakistani Rupees (PKR), reflecting the lively forex transactions that happen between the 2 international locations.
In the meantime, the pure gold charges in Saudi Arabia was recorded at 4,069 Saudi Riyal (SAR) per tola on February 26, 2025.
In accordance with particulars from Foreign exchange.pk, 10 grams of pure gold in Saudi Arabia is being bought at SAR 3,492. Moreover, the value for an oz. of gold is SAR 10,862.