RIYADH: The exchange rate for the Saudi Riyal (SAR) to the Pakistani Rupee (PKR) held steady at 74.31 in the open market on Tuesday, January 28, 2025. On Monday, the Saudi Riyal also saw no fluctuation against the Pakistani Rupee (PKR). Data indicates the selling price of the Saudi Riyal continues to be Rs74.51.
Strong Economic Ties and Remittances
Saudi Riyal to Pakistani Rupee Exchange Rate Remains Stable; January 30, 2025 The enduring partnership between Pakistan and Saudi Arabia is characterized by a strong and mutually beneficial relationship, supported significantly by financial aid from the Kingdom.
Millions of Pakistani expatriates working in Saudi Arabia send a substantial portion of their earnings back home to Pakistan each year. These remittances are a vital source of income for families, enabling them to cover living expenses, fund education, and contribute to the vitality of local economies. This financial flow further solidifies the economic ties between the two countries.
Employment Opportunities and Currency Exchange
Furthermore, Saudi Arabia is a major employment destination for Pakistani workers seeking job opportunities abroad. Many of these workers, upon their return, convert their savings from Saudi Riyals to Pakistani Rupees (PKR), highlighting the dynamic currency exchange activity between the two nations.
Gold Prices in Saudi Arabia
As of Monday, January 27, 2025, the price of 24-karat gold in Saudi Arabia stood at 3,893 Saudi Riyals (SAR) per tola. According to information from Forex.pk, the price for 10 grams of 24-karat gold in Saudi Arabia is currently SAR 3,341. The price per ounce of gold is reported to be SAR 10,393.
