KARACHI – The Saudi Riyal traded at Rs74.51 against the Pakistani Rupee in today’s open market, with the selling rate near Rs75.08, according to currency dealers in Karachi. This rate reflects the continued narrow trading range observed since late December 2025.
The Saudi Riyal remains a crucial source of income for millions of Pakistani households. Workers in Saudi Arabia contribute remittances from sectors such as construction, healthcare, hospitality, and domestic services. In May 2025 alone, remittances from Saudi Arabia reached $913.3 million. From July 2024 to May 2025, total remittances amounted to $34.9 billion, marking a 28.8% year-on-year increase.
At the current rate, 1,000 Saudi Riyals equals Rs74,510. While slightly lower than mid-2025 levels, the Riyal continues to support essential household expenses, including education, healthcare, groceries, and utility bills.
Economists say the Saudi Riyal’s rate has mixed effects on Pakistan’s economy. Families depending on remittances face a small decline in purchasing power due to inflation. On the other hand, importers of Saudi crude oil and petrochemical products benefit from lower rupee-denominated costs. Additionally, foreign exchange reserves, which stood above $11 billion in late 2024, are strengthened by remittance inflows, helping the State Bank manage inflation and debt. The relatively weaker Rupee also supports the competitiveness of Pakistani exports such as textiles, rice, leather, and surgical goods.
The Saudi Riyal is pegged to the US dollar at approximately 3.75 SAR per USD, ensuring stability. In contrast, the Pakistani Rupee operates under a managed float system influenced by trade, inflation, and remittance volumes.
Analysts expect the Saudi Riyal–Pakistani Rupee pair to remain stable in the near term. Seasonal factors such as Hajj, Umrah, and fiscal-year bonuses are likely to sustain remittance inflows. Any major shift in the exchange rate would depend on global dollar trends, oil prices, or domestic reserve changes./
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For now, the Saudi Riyal at Rs74.51 continues to be a critical pillar supporting millions of Pakistani households.
