RIYADH: The exchange rate for the Saudi Riyal (SAR) to the Pakistani Rupee (PKR) held steady at 74.31 in the open market on Thursday, January 31, 2025. This continued stability reflects the enduring strength of the SAR against the PKR.
Strong Economic Ties and Remittances
The consistently stable exchange rate is underpinned by the robust economic relationship between Pakistan and Saudi Arabia. The Kingdom has been a significant source of financial aid and investment for Pakistan, fostering a strong and mutually beneficial partnership.
Millions of Pakistani expatriates working in Saudi Arabia contribute substantially to Pakistan’s economy by sending remittances back home. These remittances provide a vital source of income for families, enabling them to meet their financial needs and contribute to the overall economic vitality of the country.
Employment Opportunities and Currency Exchange
Saudi Arabia remains a major employment destination for Pakistani workers seeking opportunities abroad. This dynamic exchange of labor between the two countries further strengthens their economic ties. When these workers return to Pakistan, they often convert their savings from SAR to PKR, highlighting the active currency exchange between the two nations.
Gold Prices in Saudi Arabia
As of Wednesday, January 30, 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.Sources and related content
