RIYADH: The Saudi Riyal (SAR) to Pakistani Rupee (PKR) exchange rate remained stable at 74.31 in the open market today, Thursday, February 1, 2025. This consistent rate reflects the sustained strength of the Saudi Riyal against the Pakistani Rupee.
Strong Economic Ties and Remittances Contribute to Stability
Saudi Riyal to Pakistani Rupee Exchange Rate Today, February 1, 2025 The consistently stable exchange rate is supported 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 contributing to the overall economic vitality of the country.
Employment and Currency Exchange Further Strengthen Ties
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. The conversion of SAR savings to PKR by returning workers highlights the active currency exchange between the nations.
Gold Prices in Saudi Arabia
As of Wednesday, February 1, 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.
