The Saudi Riyal (SAR) extended its upward movement against the Pakistani Rupee (PKR) for the third straight day in the open market on Wednesday, May 21, 2025.
According to the Forex Association of Pakistan, the buying rate of 1 SAR rose to Rs75.14, while the selling rate reached Rs75.69. This reflects a minor gain of two paisas compared to the previous session.
Read More: PKR to AFN Exchange Rate: Key Factors & Market Impact
The Riyal, Saudi Arabia’s official currency, is commonly denoted as SAR or SR and is subdivided into 100 halalas. Its consistent appreciation against the Rupee highlights ongoing market trends influenced by regional economic developments and currency demand.
This financial update comes as relations between Pakistan and Saudi Arabia continue to deepen. In a recent high-level meeting held in Jeddah, Prime Minister Shehbaz Sharif met Saudi Crown Prince Mohammed bin Salman to discuss expanded cooperation across key areas, including defence and security.
Read More: USD to PKR Exchange Rate: Trends, Impact & Latest Updates
The Pakistani delegation included Deputy Prime Minister and Foreign Minister Ishaq Dar, Chief of Army Staff General Syed Asim Munir, and Punjab Chief Minister Maryam Nawaz. Officials from both sides reaffirmed their shared commitment to strengthening strategic ties.
Meanwhile, Saudi Arabia remains a top source of remittances for Pakistan. In February 2025, overseas Pakistanis based in the Kingdom sent $744.4 million back home, showing a 2.21% increase from the previous month and a significant 37.88% rise compared to February last year.