Saudi Riyal available at PKR 75.55 in open market

News Image

MG News | August 28, 2025 at 10:31 AM GMT+05:00

0:00

August 28, 2025 (MLN): The current exchange rates for the Saudi Riyal (SAR), UAE Dirham (AED), and Qatari Riyal (QAR) against the Pakistani Rupee (PKR) as of [10 am PST] showed minor movements in today’s session, maintaining a largely stable trend.

SAR was qouted at 75.30 for buying and 75.55 for selling. AED followed suit, with a buying rate of PKR 77.00 and a selling rate of PKR 77.25.

Similarly, QAR held its ground, bought at PKR 76.50 and sold at PKR 77.50.

 

Exchange rate stability portrays a steady economic environment, boosting the confidence of those engaged in cross-border trade and investment.

Change is on Ask price

Since a significant portion of the Pakistani diaspora resides in Middle Eastern countries, the exchange rates of PKR against AED and SAR are closely monitored for remittances and business transactions.

The Middle East region has been serving as the primary source of energy imports and foreign remittances.

The Pakistani diaspora, which has around 11.5 million (as of November 2024) in the Middle East, represents the entire spectrum of Pakistani society, from business leaders, entrepreneurs, and white and blue-collar workers to bankers and chartered accountants.

In July 2025, remittances from the Middle East played a dominant role in supporting Pakistan’s economy, accounting for approximately 56% of total inflows.

Saudi Arabia retained its position as the top contributor, with remittances soaring to $823.73m with an impressive 26% increase year-on-year.

Following closely, UAE emerged as the second-largest source as it sent $639.9m, with a 21% jump compared to the same period last year.


Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 147,575.45
204.92M
0.06%
81.42
ALLSHR 91,095.51
712.69M
0.12%
111.81
KSE30 44,971.78
57.75M
0.14%
63.83
KMI30 210,472.18
81.83M
0.49%
1029.46
KMIALLSHR 60,560.13
283.39M
0.31%
187.17
BKTi 41,142.32
42.94M
-0.39%
-160.40
OGTi 29,774.07
3.58M
0.14%
42.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 113,265.00 113,515.00
111,020.00
1045.00
0.93%
BRENT CRUDE 67.48 67.89
67.40
-0.57
-0.84%
RICHARDS BAY COAL MONTHLY 92.00 0.00
0.00
1.50
1.66%
ROTTERDAM COAL MONTHLY 99.75 0.00
0.00
0.05
0.05%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.59 64.00
63.48
-0.56
-0.87%
SUGAR #11 WORLD 16.45 16.50
16.38
-0.02
-0.12%

Chart of the Day


Latest News
August 28, 2025 at 02:13 PM GMT+05:00

SECP grants approvals to boost digital lending sector


August 28, 2025 at 01:13 PM GMT+05:00

Faysal Bank half-year profit slips by 23%


August 28, 2025 at 12:59 PM GMT+05:00

Gold price in Pakistan rises Rs900 per tola


August 28, 2025 at 12:36 PM GMT+05:00

Tesla faces seventh month of falling sales in Europe



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg