Saudi Riyal to PKR Rate Holds Steady at Rs76.14 Amid Remittance Surge
Remittances from KSA remain robust as SBP reports $34.9bn inflow in FY25
ISLAMABAD – June 23, 2025:
The exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) remained stable in the open market on Monday, with the buying rate recorded at Rs75.59 and the selling rate at Rs76.14, according to local forex dealers.
The consistent rate reflects strong seasonal demand for the Saudi currency, primarily driven by travel for Hajj and Umrah and a surge in remittances from overseas Pakistanis particularly those based in the Kingdom of Saudi Arabia.
What 500 SAR Converts to in PKR Today
At the current buying rate, 500 Saudi Riyals are equivalent to Rs37,785, offering a stable return for beneficiaries of remittance inflows from the Gulf region.
Remittances Hit Record $34.9 Billion in FY25
The State Bank of Pakistan (SBP) reported a 28.8% increase in remittances during the first 11 months of the ongoing fiscal year (July 2024 to May 2025), totaling $34.9 billion—a significant jump from the same period last year.
In May 2025 alone, Pakistan received $3.69 billion in workers’ remittances, making it the highest monthly figure of FY25.
Saudi Arabia led all countries, contributing $913.3 million
The United Arab Emirates followed with $754.2 million
Other major sources included the UK, USA, and GCC countries
Economists attribute this sharp rise to both currency exchange incentives and increased use of formal channels such as banks and digital wallets.
Why SAR-PKR Rate Matters
The SAR to PKR exchange rate is one of the most closely tracked in Pakistan due to the critical role of Gulf-based remittances in supporting the country’s foreign exchange reserves and current account stability.
With economic recovery efforts underway and record-high remittance inflows, the Riyal-PKR parity is expected to remain stable, barring any major geopolitical or fiscal shocks.
