Saudi Riyal to PKR Rate Remains Stable on 26 May 2025
Saudi Riyal to PKR Rate Remains Stable
The exchange rate of the Saudi Riyal against the Pakistani Rupee stayed stable on Monday, 26 May 2025. The buying rate for 1 Saudi Riyal (SAR) was Rs75.17, while the selling rate held steady at Rs75.72. Local currency dealers confirmed these figures, indicating no change from the previous session.
Market Overview and Economic Relations
This stability reflects the strong economic ties between Pakistan and Saudi Arabia. Furthermore, the Riyal is a key currency in the region and is widely used in trade and remittances. It is subdivided into 100 halalas, making it easy for smaller transactions.
Currency Exchange and Economic Impact
Currency exchange rates are crucial for trade and remittances. Therefore, the steady Riyal to Rupee rate shows confidence in Pakistan-Saudi cooperation. Both countries have deep-rooted bilateral relations that include defense, trade, and financial collaboration.
Diplomatic Engagement and Cooperation
Recently, Pakistan’s Prime Minister Shehbaz Sharif met with Saudi Crown Prince Mohammed bin Salman in Jeddah. They discussed expanding cooperation across multiple sectors. This high-level dialogue strengthens the positive economic outlook between the two nations.
Role of Overseas Pakistani Remittances
Overseas Pakistanis living in Saudi Arabia sent $744.4 million in remittances in February 2025. This amount marked a 2.21% increase from the previous month and a 37.88% rise compared to last year. Such inflows significantly support the stable demand for the Riyal in Pakistan.
Outlook for the Saudi Riyal to PKR Rate
Given these factors, the Saudi Riyal to Pakistani Rupee exchange rate is expected to remain steady in the near future. Investors and market analysts view this stability positively. Ultimately, the strong currency rate highlights the ongoing partnership between both countries.
