The Saudi Riyal (SAR) commenced the new business week with its value unchanged against the Pakistani Rupee (PKR).
On Monday, May 12, 2025, the buying rate remained steady at Rs75.10, while the selling rate held firm at Rs75.65, according to data provided by the Forex Association of Pakistan.
SAR to PKR Exchange Rate – May 12, 2025 1 Saudi Riyal = Rs75.10 (buying) 1,000 SAR = Rs75,100
The Saudi Riyal (abbreviated as SAR or SR) serves as the official currency of the Kingdom of Saudi Arabia. It is divided into 100 halalas.
Pakistan and Saudi Arabia continue to maintain strong diplomatic, cultural, and economic ties, reinforced by their shared Islamic heritage and mutual strategic interests.
Saudi Arabia remains a crucial economic ally for Pakistan, offering financial support, investments, and oil assistance during times of need.
With an estimated 2.5 to 2.7 million Pakistanis residing in Saudi Arabia, the country hosts one of the largest Pakistani expatriate communities. These workers contribute significantly to the Saudi economy and play a vital role in the flow of remittances back to Pakistan.
Remittance Update In February 2025, Pakistani workers in Saudi Arabia sent remittances amounting to $744.4 million. This represented: A 2.21% increase from January 2025 A substantial 37.88% increase compared to February 2024 These inflows remain a critical support for Pakistan’s foreign exchange reserves and overall economic stability.
Pakistan’s Foreign Reserves As of the week ending March 28, 2025, Pakistan’s total liquid foreign reserves stood at $15.58 billion, with the State Bank of Pakistan (SBP) holding $10.68 billion.
These reserves act as a buffer against external economic shocks and contribute to maintaining the stability of the exchange rate.
