Saudi Riyal available at PKR 76.4 in open market

July 08, 2025 (MLN): The current exchange rates showed that only the Qatari Riyal (QAR) experienced a slight change against the Pakistani Rupee as of 10 am PST, while the Saudi Riyal (SAR) and the UAE Dirham (AED) remained stable, maintaining a largely steady trend in today’s session.

SAR was qouted at 75.60 for buying and 76.40 for selling. AED followed suit, with a buying rate of PKR 77.30 and a selling rate of PKR 78.10.

Similarly, QAR held its ground, bought at PKR 77.00 and sold at PKR 78.50.

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 May 2025, remittances from the Middle East played a dominant role in supporting Pakistan’s economy, accounting for approximately 55% of total inflows.

Saudi Arabia retained its position as the top contributor, with remittances soaring to $913.95m with an impressive 25% increase year-on-year.

Following closely, UAE emerged as the second-largest source as it sent $735.03m, with a 20% jump compared to the same period last year.

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