KARACHI: The Omani Rial (OMR) is projected to trade at a buying rate of around Rs725 and a selling rate of around Rs733 against the Pakistani Rupee (PKR) in the open market on Wednesday, January 29, 2025.
The Omani Rial is the official currency of Oman and is divided into 1,000 baisa.
Converting Omani Rial to Pakistani Rupee
Omani Rial to Pakistani Rupee Rate; January 29, 2025 Outlook Based on the projected exchange rate, 500 OMR would be equivalent to approximately Rs362,500, while 1,000 OMR would convert to around Rs725,000 in Pakistani currency.
Individuals traveling to Pakistan with Omani Rial can exchange their currency at banks or exchange company branches throughout the country.
Significance for Pakistani Expatriates
The open market exchange rate holds particular importance for the estimated 250,000 Pakistani expatriates residing and working in Oman. These individuals contribute significantly to Oman’s economy through their engagement in various employment sectors and business ventures.
Saudi Riyal to Pakistani Rupee Rate
Meanwhile, the Saudi Riyal (SAR) was trading at a buying rate of Rs74.31 and a selling rate of Rs74.51 against the Pakistani Rupee (PKR) in the open market on January 28, 2025. The Saudi Riyal remained unchanged against the Pakistani Rupee on Monday.
Pakistan-Saudi Arabia Economic Ties
Pakistan and Saudi Arabia share a longstanding and mutually beneficial partnership, with the Kingdom often providing significant financial assistance to Pakistan. Millions of Pakistani expatriates working in Saudi Arabia remit a substantial portion of their earnings back to Pakistan each year, contributing significantly to the country’s economy.
