The Saudi Riyal (SAR) maintained its upward momentum against the Pakistani Rupee (PKR) in the open market on Thursday, May 22, 2025, marking a fourth straight day of gains.
According to market data, the buying rate of 1 SAR rose slightly to Rs75.17, while the selling rate increased to Rs75.72—both up by three paisas. The steady appreciation reflects ongoing market demand and broader currency trends.
Read More: Saudi Riyal Continues Upward Trend Against PKR
The Saudi Riyal, abbreviated as SAR, is the official currency of Saudi Arabia and is divided into 100 halalas. Exchange rates in the open market often fluctuate based on demand, remittance inflows, and regional economic conditions.
Meanwhile, diplomatic and economic relations between Pakistan and Saudi Arabia remain strong. In a recent meeting in Jeddah, Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman reaffirmed their countries’ commitment to closer cooperation.
High-level Pakistani officials, including Deputy Prime Minister Ishaq Dar, Army Chief General Asim Munir, and Punjab Chief Minister Maryam Nawaz, were also present.
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The two sides discussed expanding ties in security, defence, and other key areas. These developments come as remittances from overseas Pakistanis in Saudi Arabia reached $744.4 million in February 2025, showing a notable year-on-year increase of nearly 38%.
The strengthening Riyal and rising remittances highlight the ongoing importance of Pakistan-Saudi relations for economic stability.