Saudi Riyal to Pakistani Rupee Rate; February 21, 2025
On Friday, February 21, 2025, the exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) stayed the same in the open market. One Saudi Riyal was equal to Rs74.2. The selling rate of the Riyal also didn’t change, remaining at Rs74.75 at the end of the business week.
The Saudi Riyal is the official currency of Saudi Arabia, abbreviated as SAR or SR. One Riyal is divided into 100 smaller units called halalas.
Pakistan and Saudi Arabia share a strong and long-standing relationship. Saudi Arabia has provided significant financial support to Pakistan over the years. Recently, Saudi Arabia extended a $3 billion deposit to Pakistan for another year to help strengthen Pakistan’s economy.
Many Pakistanis work in Saudi Arabia and send money back home. These remittances play a vital role in helping families cover daily expenses, pay for education, and boost local economies. This financial exchange strengthens the economic ties between the two countries.
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Saudi Arabia is also a major source of employment for Pakistani workers. When these workers return home, they often exchange Saudi Riyals for Pakistani Rupees, which keeps the currency exchange between the two nations active.
In other news, on the same day, the price of 24-karat gold in Saudi Arabia was recorded at 4,135 SAR per tola. Additionally, 10 grams of 24-karat gold was being sold for 3,548 SAR, and one ounce of gold was priced at 10,037 SAR.
This information highlights the close economic relationship between Saudi Arabia and Pakistan, as well as the importance of currency exchange and remittances in supporting both nations.
