KARACHI – The Saudi Riyal (SAR) is being traded at Rs75.37 against Pakistani rupee in open market on Monday without any change in the buying rate.
The selling rate of Saudi Riyal also remained steady at Rs75.92 after witnessing no change in the currency exchange rates.
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.
500 Saudi Riyal in Pak Rupee
As the SAR buying rate stood at Rs75.37, an individual can get Rs37,685 after converting 500 Saudi Riyals in open market.
Remittances from Saudi Arabia
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.
Currency exchange rates determine the value of one country’s currency in relation to another. These rates fluctuate based on global economic factors, supply and demand, interest rates, inflation, and political stability. Central banks and financial markets play a significant role in influencing exchange rate trends.
Importance in International Trade
Currency exchange rates are crucial in international trade. They affect the cost of imports and exports, influencing a country’s trade balance. A stronger local currency makes imports cheaper but can make exports less competitive, while a weaker currency benefits exporters but increases the cost of imports.
Impact on Individuals and Businesses
For individuals, especially travelers and overseas workers, exchange rates affect how much foreign currency they can buy or send. For businesses, especially those involved in imports or exports, even small changes in exchange rates can impact profits and pricing strategies.
Economic Indicator
Exchange rates are also an important economic indicator. Investors and policymakers monitor them to assess a country’s economic health. Fluctuations may reflect market confidence or concerns about inflation, debt levels, or political events.
