KARACHI – The Saudi Riyal continued to trade within a narrow range against the Pakistani Rupee on February 24, 2026. According to currency dealers, the Saudi Riyal was quoted at Rs74.51 for buying in the open market. The selling rate stood near Rs75.08.
The Saudi Riyal has remained stable in recent weeks. The current rate is lower than the July 2025 peak of Rs76.03. It is also close to levels last seen in late October 2025. Since early January, the currency pair has shown limited volatility.
The Saudi Riyal plays a vital role in Pakistan’s economy. Millions of Pakistani workers are employed in Saudi Arabia. They work in construction, healthcare, hospitality, and domestic services. Their remittances support families across Pakistan.
Saudi Arabia remains the top source of remittances for Pakistan. In May 2025 alone, inflows from the kingdom reached $913.3 million. From July 2024 to May 2025, total remittances stood at $34.9 billion. This reflected a strong 28.8 percent year-on-year increase.
At the current rate of Rs74.51, 1,000 Saudi Riyal equals Rs74,510. Although this is slightly lower than earlier 2025 levels, it still provides essential support. Families depend on these funds for school fees, healthcare, food, and utility bills.
The present exchange rate has mixed economic effects. Remittance-receiving households face some pressure due to inflation. A slightly lower Saudi Riyal means reduced purchasing power. However, importers benefit from lower rupee costs for Saudi crude oil and petrochemical products.
Foreign exchange reserves remain supported by steady remittance inflows. Reserves were above $11 billion in late 2024. These inflows help the central bank manage inflation and external debt payments. A relatively weaker rupee also supports export competitiveness.
The Saudi Riyal is divided into 100 halala and is pegged to the US dollar at about 3.75 SAR per dollar. This peg ensures stability. In contrast, the Pakistani Rupee operates under a managed float system. It is influenced by inflation, trade balance, and remittance trends.
In other news read more about Saudi Riyal Trades at Rs74.51, Continues Supporting Pakistani Remittances
Experts say any major shift in the Saudi Riyal to PKR rate would depend on global dollar strength, oil prices, or changes in foreign reserves. For now, the currency remains stable and continues to serve as a key financial lifeline for millions of Pakistani families.
