Saudi Riyal remains unchained in Pakistan's Open Market for Third Day

Saudi Riyal remains unchained in Pakistan’s Open Market for Third Day

The Saudi Riyal remained stable in Pakistan’s open market for the third consecutive day on Wednesday, with no fluctuations in exchange rates. The buying rate stood firm at Rs73.65, while the selling rate remained unchanged at Rs74.20.

Saudi Arabia is a key contributor to Pakistan’s remittance inflows, as many Pakistani expatriates send money home or return to Pakistan, requiring currency exchange for Saudi Riyals. The stable rates offer consistency for returning expatriates and remittance recipients, ensuring predictable exchange conditions.

The steady exchange rate comes amid broader economic efforts to maintain currency stability in Pakistan, crucial for overseas workers sending remittances.

INCPak has introduced a real-time currency exchange rate update feature on its sidebar, allowing users to check the latest exchange rates quickly and conveniently. This new addition enables visitors to stay informed of current rates for major currencies, making it easier to track changes and plan transactions directly from the INCPak website.