The Saudi Riyal (SAR) remains stable against the Pakistani Rupee (PKR) in the open market, with a buying rate of Rs 74.18 on Monday, January 6, 2025.
According to a currency website, the selling rate for Saudi Riyal SAR stands at Rs 74.58 in the open market.
The economic partnership between Pakistan and Saudi Arabia continues to thrive, fueled by years of mutual cooperation and significant financial assistance from the kingdom.
Each year, millions of Pakistani expatriates working in Saudi Arabia send substantial remittances back home. These funds are vital for sustaining families, funding education, and boosting local economies across Pakistan.
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The flow of remittances strengthens the economic ties between the two nations, creating a dynamic financial relationship.
Saudi Arabia is also a top destination for Pakistani laborers seeking work opportunities. Upon their return, many exchange Saudi Riyals for Pakistani Rupees, highlighting the active currency transactions between the two countries.
This ongoing exchange plays an essential role in supporting the economies of both Saudi Arabia and Pakistan.
Moreover, the rate of 24-karat gold in Saudi Arabia fell to SAR 3,708 per tola on Monday, January 6, 2025.
According to Forex.pk, the price for 10 grams of 24-karat gold is SAR 3,183. An ounce of gold is priced at SAR 9,900.
Gold prices remain subject to global market trends. The last update was recorded at 10:22 am, January 6, 2025.
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