The Saudi Riyal (SAR) to Pakistani Rupee (PKR) open market rate stood at Rs74.39 on Tuesday, February 4, 2025. The selling price of the Saudi Riyal has also surged, reaching Rs74.60 in the open market as the new business week progresses.
SAR to PKR Open Market & Black Market Exchange Rate
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, abbreviated as SAR or SR, and it is subdivided into 100 halalas. Based on the latest exchange rate in the open market, 1,000 SAR to PKR is equivalent to Rs74,390. Meanwhile, the SAR to PKR black market rate may vary slightly due to informal exchange fluctuations.
Interbank SAR Rate
| DATE | BUYING | SELLING |
|---|---|---|
| 04 Feb 25 | PKR74.07 | PKR74.20 |
Open Market Rate
| DATE | BUYING | SELLING |
|---|---|---|
| 04 Feb 25 | PKR74.20 | PKR74.75 |
Impact of Overseas Remittances on SAR to PKR
A large number of Pakistani expatriates reside in Saudi Arabia, contributing significantly to Pakistan’s remittances. In December 2024, overseas Pakistanis in Saudi Arabia sent $770.6 million in remittances, marking a 6% increase on a monthly basis and a 33% rise compared to $577.6 million in the same month of the previous year.
Both Pakistan and Saudi Arabia share strong historical, economic, and diplomatic ties. To support Pakistan’s economy, Saudi Arabia has provided various financial relief measures.
A recent agreement was signed between Pakistan and Saudi Arabia for deferred payment of $1.2 billion on oil imports for one year. Prime Minister Muhammad Shehbaz Sharif and Saudi Fund for Development (SFD) CEO Sultan Abdulrahman Al-Marshad were present at the signing ceremony. This initiative aims to strengthen Pakistan’s economic resilience by ensuring a stable supply of petroleum products while reducing immediate fiscal pressure.
Future Predictions: SAR to PKR Tomorrow
Market experts and forex analysts anticipate potential fluctuations in the SAR to PKR exchange rate based on global market trends and remittance inflows. The 100 SAR to PKR rate may experience minor adjustments in both the open market and interbank exchange rates.
For real-time updates on SAR to PKR open market, USD to PKR, SAR to PKR black market, and SAR to PKR tomorrow, stay tuned to reliable forex exchange platforms and financial news sources.
 to Pakistani Rupee (PKR) open market rate stood at Rs74.39 on Tuesday, February 4, 2025. The selling price of the Saudi Riyal has also surged, reaching Rs74.60 in the open market as the new business week progresses.){kind=link}