Saudi Riyal Rises Slightly Against Pakistani Rupee on July 8, 2025

KARACHI: On July 8, 2025, the Saudi Riyal (SAR) saw a small increase in value against the Pakistani Rupee (PKR) in the open market. The buying rate went up to Rs76.15, while the selling rate reached Rs76.40. This minor rise is linked to steady remittances from overseas workers and increased seasonal demand, showing the importance of the Riyal in Pakistan’s economy.

The Saudi Riyal is Saudi Arabia’s official currency and is pegged to the US dollar, making it stable for international use. The Pakistani Rupee, managed by the State Bank of Pakistan, changes in value based on inflation, trade, and money sent from abroad. As of today, 1 Saudi Riyal equals Rs75.79. This exchange rate is very important for millions of Pakistanis working in Saudi Arabia who send money back home.

Remittances from Saudi Arabia are a major source of income for Pakistan. In May 2025 alone, Pakistan received $913.3 million from Saudi workers, the highest among all countries. Between July 2024 and May 2025, total remittances reached $34.9 billion — a 28.8% increase from the previous year. This growth helps Pakistan’s foreign exchange reserves and supports families who rely on this income for daily needs like food, health, and education.

A stronger Riyal benefits both individuals and the economy. It increases the value of money sent home, helping families cope with high living costs. It also provides stability for businesses that trade with Saudi Arabia. While a stronger Riyal can slightly raise the cost of imports, it helps maintain steady foreign reserves and reduce inflation. Experts say that even small changes in the exchange rate should be watched closely, as they have a big impact on people’s lives and the national economy.