KARACHI – Saudi Riyal (SAR) has further cemented its position against Pakistani rupee in open market on Saturday as the buying rate of 1 SAR hiked to Rs75.37.
The selling rate of Saudi Riyal also increased to settle at Rs75.92 after witnessing upward trend as the fluctuation shows small shift in demand and supply dynamics for SAR in the local currency market.
Saudi Riyal to Pak rupee exchange rate also remains in top searches as a huge number of overseas Pakistanis reside in Kingdom contribute to foreign exchange reserves.
How much is 500 Saudi Riyal in Pak Rupee?
As the SAR buying rate stood at Rs75.37, an individual will get Rs37,685 after converting 500 Saudi Riyals in open market.
Meanwhile, the workers’ remittances from overseas to Pakistan recorded a significant growth of 28.8 percent during eleven months of fiscal year 2024-25, reached nearly $35 billion. During the period from July 2024 to May 2025, monthly inflows in May increased to $ 3.69 billion.
“Cumulatively, with an inflow of US$ 34.9 billion, workers’ remittances increased by 28.8 percent during Jul-May FY25 compared to US$ 27.1 billion received during Jul-May FY24,” the State Bank of Pakistan reported on Wednesday.
Pakistanis living in Saudi Arabia topped the chart as they sent $913.3 million in wake of remittances in May 2025 followed by $754.2 million from the UAE.
