The Saudi Riyal eased slightly to Rs74.65 against the Pakistani Rupee (PKR) in today’s open market, down from Rs74.67 on January 5, according to currency dealers. The rate remains far from the mid-year high of Rs76.03 recorded in July 2025. The selling rate settled at Rs75.22.
This minor dip reflects ongoing market recalibrations and sustained remittance inflows. The Saudi Riyal plays a crucial role in Pakistan’s economy, as millions of families rely on remittances sent from workers in Saudi Arabia’s construction, healthcare, and hospitality sectors. The State Bank of Pakistan reports that Saudi Arabia contributed $913.3 million of Pakistan’s remittance inflows in May 2025 alone.
From July 2024 to May 2025, total remittances reached $34.9 billion, marking a 28.8% increase year-over-year. Today’s rate converts 1,000 Saudi Riyals to Rs74,650, slightly lower than Rs74,670 on January 5. This small decline marginally impacts household budgets for essentials like education, healthcare, and daily expenses.
The Riyal’s softening also affects Pakistan’s import and trade landscape. Businesses importing oil and petrochemicals benefit from the currency’s dollar peg, as the slight dip eases import costs. On a macroeconomic level, the Saudi Riyal supports foreign exchange reserves, which surpassed $11 billion in October 2024, aiding inflation control and debt management. A weaker rupee also improves export competitiveness, contributing to overall economic resilience.
Divided into 100 halala, the Saudi Riyal is managed by the Saudi Central Bank and pegged to the US dollar. This stability makes it a reliable medium for remittances and trade. The Pakistani Rupee (PKR), symbolized by ₨, has been Pakistan’s currency since 1948 and is overseen by the State Bank of Pakistan under a managed floating exchange rate.
Traders and policymakers continue to monitor the Saudi Riyal closely, as even small shifts can impact remittances, import costs, and broader economic strategies. For millions of Pakistanis, the Riyal remains a dependable financial anchor, sustaining households and supporting Pakistan’s economic stability.
In other news read more about: Today’s Currency Rates in Pakistan: Dollar, Euro, Dirham, Pound, Riyal
