RIYADH: The Saudi Riyal (SAR) held a steady exchange rate against the Pakistani Rupee (PKR) at 74.31 in the open market today, Friday, February 3, 2025. This stability underscores the consistent performance of the Saudi Riyal.
Economic Ties and Financial Support Maintain Stability
The stable exchange rate between the Saudi Riyal and the Pakistani Rupee is underpinned by the strong economic partnership between the two nations. Saudi Arabia’s substantial financial assistance and investments in Pakistan play a crucial role in maintaining this balanced exchange rate.
Remittances from Pakistani Expats a Key Factor
The flow of remittances from millions of Pakistani expatriates working in Saudi Arabia significantly contributes to Pakistan’s economy. These remittances provide vital financial support to families back home and bolster the country’s overall economic well-being. 1
Labor Market and Currency Exchange Strengthen Connections
Saudi Arabia continues to be a major destination for Pakistani workers seeking employment abroad, further cementing the economic ties between the two countries. The regular conversion of SAR earnings to PKR by these workers reinforces the active currency exchange dynamics. Saudi Riyal to Pakistani Rupee Exchange Rate
Gold Prices in Saudi Arabia
As of Thursday, February 3, 2025, the price of 24-karat gold in Saudi Arabia was recorded at 3,893 Saudi Riyals (SAR) per tola. According to Forex.pk, the price for 10 grams of 24-karat gold is currently SAR 3,341, while the price per ounce is SAR 10,393.