Pakistani Expatriates Benefit from Stable SAR to PKR Exchange Rate

The exchange rate for the Saudi Arabia Riyal in Pakistan is currently at Rs72.8 for buying and Rs73.55 for selling in the open market. This rate has remained stable recently, with no fluctuations observed. The Saudi Riyal, denoted as SAR or SR, is the official currency of Saudi Arabia and is divided into 100 halalas. With over 2.7 million Pakistani expatriates residing in Saudi Arabia for employment or business purposes, the SAR to PKR exchange rate holds significant importance for them.

As of June 15, the exchange rate stands at Rs72.8 for one Saudi Riyal in the open market. This means that 500 Saudi Riyal is equivalent to Rs36,400 in Pakistani currency, while 1,000 Saudi Riyal equals Rs72,800. Individuals carrying Saudi Riyal can easily convert their currency to Pakistani Rupees by visiting banks or exchange companies in Pakistan.

The stable exchange rate between the Saudi Riyal and Pakistani Rupee provides a convenient means for Pakistani expatriates in Saudi Arabia to manage their finances effectively. Understanding the current exchange rate allows individuals to make informed decisions when converting their currency. Whether for remittances or personal transactions, the SAR to PKR exchange rate plays a crucial role in facilitating financial interactions between the two countries.