Saudi Riyal Gains to Rs75.66 Against Rupee on July 1
On Tuesday, July 1, 2025, the Saudi Riyal (SAR) increased by 2 paisas in the open market and reached a buying rate of Rs75.66. The selling rate stayed the same at Rs 76.23.
The Saudi Riyal is the official currency of Saudi Arabia. It is made up of smaller units called halalas and is controlled by the Saudi Central Bank. The Riyal is linked to the US dollar, which helps it keep a stable value. This makes it a reliable currency for trade and sending money to other countries.
This stability is very important for millions of Pakistanis working in Saudi Arabia. They send money back home, which plays a big role in supporting Pakistan’s economy.
Saudi Riyal Rises Slightly Against Pakistani Rupee
The Pakistani Rupee (PKR) is Pakistan’s official currency, controlled by the State Bank of Pakistan. Its value changes based on economic factors like inflation, trade, and the amount of money coming in from abroad.
How the Rupee performs against foreign currencies like the Riyal depends on market conditions and how much money overseas Pakistanis send back.
Saudi Arabia is a key economic partner for Pakistan. Many Pakistanis work in Saudi Arabia in construction, healthcare, and other service jobs.
In May 2025, Pakistan received $913.3 million in remittances from Saudi Arabia—the highest amount from any country. Between July 2024 and May 2025, total remittances to Pakistan reached $34.9 billion, a 28.8% increase from the previous year.
This shows how important the Saudi Riyal is in strengthening Pakistan’s foreign exchange reserves.
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