The Saudi Riyal (SAR) trading against the Pakistani Rupee (PKR) in the open market on Saturday, June 21, 2025 was recorded at Rs75.59.
The selling rate of Saudi Riyal was recorded at Rs76.14.
The official currency of Saudi Arabia, denoted as Saudi Riyal or SAR, is divided into 100 halalas. Managed by the Saudi Central Bank, it has been pegged to the US Dollar since 1986, ensuring stability.
Evolving from bimetallic coins to modern currency since 1932, the Saudi Riyal reflects Kingdom’s economic resilience.
The shift underscores ongoing dynamics in Pakistan’s foreign exchange market, driven by economic factors and the significant role of remittances from Saudi Arabia.
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Valuation Mechanism of SAR to PKR
The exchange rate between the Saudi Riyal and Pakistani Rupee is determined primarily by supply and demand dynamics in the open market, where currency exchange dealers set rates based on real-time transactions.
The Saudi Riyal is pegged to the US Dollar (USD) at a fixed rate of 3.75 SAR to 1 USD, managed by the Saudi Central Bank. This peg indirectly influences the SAR-PKR rate, as fluctuations in the USD-PKR exchange rate ripple through to the Riyal.
The State Bank of Pakistan may intervene to stabilize the PKR, but the open market largely reflects organic supply-demand shifts. Today’s slight increase in the SAR-PKR rate suggests a modest rise in demand for the Riyal, possibly linked to remittance inflows or seasonal factors like travel for Hajj or Umrah.
 trading against the Pakistani Rupee (PKR) in the open market on Saturday, June 21, 2025.){kind=link}