KARACHI/RIYADH, October 22, 2025 — The Saudi Riyal (SAR) slipped slightly to Rs74.94 against the Pakistani Rupee (PKR) in the open market on Wednesday, compared to Rs74.95 on October 20. The selling rate adjusted to Rs75.51, marking a modest dip influenced by stable remittance inflows and minor market adjustments.
The Saudi Riyal remains crucial for Pakistan’s economy, serving as a financial lifeline for millions of families dependent on overseas workers. According to the State Bank of Pakistan, remittances from Saudi Arabia totaled $913.3 million in May 2025 — the largest share among all countries. From July 2024 to May 2025, total remittances reached $34.9 billion, showing a 28.8% annual increase.
At today’s rate, 1,000 Saudi Riyals convert to Rs74,940, slightly lower than Rs74,950 on October 20. This marginal decline can impact household budgets for education, healthcare, and daily needs.
For businesses importing oil and petrochemicals from Saudi Arabia, the Riyal’s dollar-pegged stability keeps costs predictable, helping improve Pakistan’s trade balance. Meanwhile, the currency’s consistent inflows continue to strengthen Pakistan’s foreign exchange reserves — which exceeded $11 billion in October 2024 — supporting inflation control and debt stability.
Saudi Riyal and Pakistani Rupee Overview
The Saudi Riyal (SAR), divided into 100 halala, is managed by the Saudi Central Bank and pegged to the US dollar. This peg ensures long-term stability, making it a trusted currency for remittances and trade. The Pakistani Rupee (PKR), managed by the State Bank of Pakistan, operates under a managed float and is influenced by inflation, trade, and remittance trends.
Outlook for SAR to PKR Exchange Rate
The Riyal’s slight dip to Rs74.94 reflects normal market adjustments amid strong remittance flows and trade with Saudi Arabia. Economists note that small fluctuations in the SAR-PKR rate can affect remittances and import costs. However, for millions of Pakistanis, the Riyal’s reliability remains a symbol of financial security and economic stability.
👉 Stay updated with the latest international cricket stories and breaking headlines only on GRY News.
