The value of Saudi Riyal (SAR) gained slightly against the Pakistani Rupee in the open market here on Thursday, March 13, 2025, as the buying rate observed was Rs 74.65. On the selling side, the exchange companies were selling 1 SAR at the price of Rs 75.05, the Forex Association of Pakistan said.
If you have not come across it before, the Saudi riyal is the official currency of Saudi Arabia, with 1 riyal equal to 100 halalas—just like how 1 rupee equals 100 paisas.
So what does this rate translate to for Pakistanis?
You know how much 1,000 Saudi Riyal would get you at todays rate i.e. Rs74,650, useful info for families waiting for remittances or for anyone planning to go to Saudi for work or to perform umrah or saudi pilgrimage.
February Levelled up Remittances to $3.1 Billion
On the other hand, State Bank of Pakistan (SBP) data revealed that Pakistan received $3.1 billion in remittances from abroad-based workers in February 2025. Up by 3.8 per cent compared to January 2025 and 38.6 per cent on January last year — indicating increasing Pakistani community support.
The Remittance King Of The World: Saudi Arabia
Of course, Saudi Arabia continues to be Pakistan’s leading remittance contributor. In February, Pakistani workforce in Saudi Arabia sent USD 744.4 million remittance, which is a rise of 2.21 percent over January and 37.88 percent more than February year 2024.
Such considerable remittance numbers reaffirm the deep-rooted economic relations amidst both countries with detailed regards to manpower and trade. As remittances help Pakistan hold its fragile economy afloat and give a boost to the State Bank’s foreign reserves, the bilateral relationship continues to be a significant one.
With the Saudi Riyal inching higher and remittances continuing its upward trajectory, most families in Pakistan would be feeling some ease, especially given that the ramazan is around the corner — a time of increased expenditure.
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