The exchange rate between the Saudi Riyal (SAR) and the Pakistani Rupee (PKR) remained unchanged in the open market on Monday, June 2, 2025. As reported by currency traders, the buying rate was recorded at Rs75.17, while the selling rate experienced a minor fluctuation, settling at Rs75.97. Experts noted that this subtle shift reflected slight changes in market demand and supply patterns.
The Saudi Riyal continues to be one of the most closely watched currencies in Pakistan, mainly due to the large Pakistani expatriate population in Saudi Arabia. Currency exchange trends directly influence remittances, which are a vital source of foreign income for the country.
Read More: Saudi Arabia Dismisses Alcohol Ban Rumours Ahead of FIFA 2034
Figures released by the State Bank of Pakistan (SBP) indicated that remittances from Saudi Arabia stood at $725.4 million in April 2025. This represented a modest 2% rise from the $712.2 million recorded in April last year. However, the figure also revealed a significant 26% drop compared to the $980 million received in March 2025.
In terms of foreign reserves, Pakistan’s total liquid reserves were slightly lower at $16.63 billion as of May 23, down from $16.64 billion the previous week. SBP’s share rose to $11.52 billion, while reserves held by commercial banks declined to $5.12 billion.
Read More: Saudi Riyal Holds Steady Against Rupee Pakistan, KSA Deepen Strategic Ties
Meanwhile, gold prices in Saudi Arabia remained firm. On June 2, the price of one tola of gold was 4,625 SAR, and 10 grams were priced at 3,969 SAR.
With a stable exchange rate and evolving remittance flows, the SAR to PKR parity continues to play a crucial role in shaping Pakistan’s economic outlook.
