Saudi Riyal Holds Steady Against Rupee Pakistan, KSA Deepen Strategic Ties

Ali
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Ali
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The Saudi Riyal remained unchanged against the Pakistani Rupee in the open market on Monday, May 26, 2025, continuing its stable trend. According to local currency dealers, the buying rate stood at Rs75.17 while the selling rate remained steady at Rs75.72 — the same as the previous trading session.

The Saudi Riyal (SAR), the official currency of the Kingdom of Saudi Arabia, is divided into 100 halalas. It is commonly used by Pakistani expatriates living in the kingdom, many of whom send money back home regularly.

Read More: Saudi Riyal Continues Upward Trend Against PKR

Meanwhile, diplomatic relations between Pakistan and Saudi Arabia continue to grow stronger. During a recent high-level meeting in Jeddah, Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman discussed ways to enhance cooperation in security, defence, and other key sectors. The Pakistani delegation included Deputy Prime Minister Ishaq Dar, Army Chief General Syed Asim Munir, and Punjab Chief Minister Maryam Nawaz.

The two sides reaffirmed their shared vision for regional stability and economic collaboration.

In February 2025, overseas Pakistanis in Saudi Arabia sent $744.4 million in remittances — a 2.21% monthly rise and nearly 38% higher than the same period last year, highlighting the strength of people-to-people ties.

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