The exchange rate of the Saudi Riyal (SAR) to Pakistani Rupee (PKR) remained unchanged in the open market on Wednesday, April 3, 2025, following the Eid holidays. According to the Forex Association of Pakistan, the buying rate stood steady at Rs74.35, while the selling rate remained at Rs74.85.
Current SAR to PKR Exchange Rate – 3 April 2025
| Currency | Buying Rate (SAR to PKR) | Selling Rate (SAR to PKR) |
|---|---|---|
| Saudi Riyal (SAR) | Rs74.35 | Rs74.85 |
Key Highlights:
- The Saudi Riyal to Pakistani Rupee exchange rate remained unchanged after the Eid break.
- Buying rate: Rs74.35 per SAR.
- Selling rate: Rs74.85 per SAR.
- The UAE Dirham (AED) to PKR rate dropped by four paisas to Rs76.30.
Pakistan-Saudi Arabia Relations & Economic Ties
Pakistan and Saudi Arabia have historically maintained strong diplomatic and economic relations. The recent high-level meeting between Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince and Prime Minister Mohammed bin Salman in Jeddah reaffirmed the commitment to strengthen bilateral partnerships, particularly in defence and security cooperation.
The delegation accompanying Prime Minister Shehbaz Sharif included:
- Deputy Prime Minister & Foreign Minister: Senator Ishaq Dar.
- Chief of the Army Staff: General Syed Asim Munir.
- Punjab Chief Minister: Maryam Nawaz.
These discussions highlighted the growing economic collaboration between the two nations, focusing on investments, trade agreements, and employment opportunities for Pakistani workers in Saudi Arabia.
Impact of Saudi Remittances on Pakistan’s Economy
Pakistani expatriates living and working in Saudi Arabia contribute significantly to Pakistan’s economy through foreign remittances. In February 2025, Pakistani workers in Saudi Arabia remitted a total of $744.4 million, showing:
- A 2.21% increase from the previous month.
- A 37.88% increase compared to February 2024.
Also Read: My Experience How to Get Your Asaan Karobar Card in Just 7 Days?
These remittances play a crucial role in stabilizing Pakistan’s foreign exchange reserves, strengthening the economy, and supporting household incomes across the country.
Factors Influencing SAR to PKR Exchange Rates
The Saudi Riyal to Pakistani Rupee exchange rate fluctuates due to various economic and market-related factors:
- Supply & Demand: Higher remittances lead to a stronger Pakistani Rupee, while higher demand for Saudi Riyals can push the rate up.
- Economic Policies: Pakistan’s monetary policies, inflation rate, and forex reserves impact exchange rate stability.
- Trade Relations: Pakistan-Saudi trade agreements, oil imports, and business investments influence currency fluctuations.
- Global Market Trends: Forex market conditions, investor sentiment, and geopolitical developments also play a role in exchange rate movements.
Outlook for SAR to PKR Exchange Rate
- Steady Exchange Rate: The SAR to PKR exchange rate is expected to remain stable in the short term, given steady remittance inflows and controlled forex reserves.
- Possible Appreciation: If remittances continue to rise and Pakistan’s economic policies support currency stability, PKR might strengthen against SAR.
- Market Uncertainty: Global economic conditions, oil price fluctuations, and political developments could lead to volatility in the exchange rate.
Conclusion
The Saudi Riyal to Pakistani Rupee exchange rate remained steady at Rs74.35 (buying) and Rs74.85 (selling) on April 3, 2025. As Pakistan and Saudi Arabia continue to strengthen their diplomatic and economic ties, remittances from overseas Pakistanis play a vital role in stabilizing the exchange rate and boosting economic resilience.
For daily updates on forex rates and financial market trends, stay connected to reliable business and financial news sources.
1 thought on “Saudi Riyal to Pakistani Rupee (SAR to PKR) Exchange Rate Today – 3 April 2025”