This marks a slight increase compared to Friday’s rates, where the selling rate was Rs74.19 and the buying rate was Rs74.06. Despite this minor change, the value of the Saudi Riyal against the Pakistani Rupee has largely remained stable over the weekend.
The partnership between Pakistan and Saudi Arabia is marked by a long-established and mutually beneficial alliance, underscored by considerable financial assistance from the kingdom.
Last month Saudi Arabia also extended a $3 billion deposit placed with Pakistan for another year to continue bolstering the economy of the South Asian country.
Each year, millions of Pakistani expatriates working in Saudi Arabia send substantial portions of their earnings back to Pakistan.Furthermore, Pakistani workers in Saudi Arabia rely on these rates when exchanging Riyals at local banks or exchange companies, ensuring continued financial support for families back home.
These remittances are crucial financial resources that allow families to manage daily living costs, support educational pursuits, and invigorate local economies.
Monday’s Exchange Rate :
selling Rate 74.20
Buying Rate 74.07
Friday’s Rate Exchange Rate :
selling Rate 74.19
Buying Rate 74.06