Saudi Riyal, UAE Dirham exchange rates in Pakistan

News Image

MG News | October 08, 2024 at 04:59 PM GMT+05:00

0:00

October 08, 2024 (MLN): The exchange rates for Saudi Riyal (SAR) and UAE Dirham (AED) remained largely stable in today’s open market as the buying rate for Saudi Arabia Riyal (SAR) in Pakistan stood at Rs73.52, while the selling rate was Rs74.18.

Meanwhile, the buying rate of AED stood at Rs75.37 whereas the selling rate was Rs76.06.

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

 

SAR

AED

 

Buying

Selling

Buying

Selling

08/10/2024

73.52 74.18 75.37 76.06
07/10/2024 73.56 74.23 75.37 76.08

 

In the interbank market, the Saudi Riyal closed at  73.94 with a gain of 2.51 paisa from its value of 73.92 a day ago while the U.A.E Dirham increased in value by 1.17 paisa from 75.6 a day ago to 75.59.

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.

Pakistani diaspora of around 4.5 million in the Middle East represents the entire spectrum of Pakistani society, ranging from business leaders, entrepreneurs, and white and blue-collar workers, to bankers and chartered accountants.

The Gulf countries including the Kingdom of Saudi Arabia (24%) and the United Arab Emirates (18%) have contributed over 53% to overall Pakistan’s remittances in August 2024. 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 13, 2025 at 01:57 PM GMT+05:00

Weekly Market Roundup


July 13, 2025 at 10:26 AM GMT+05:00

K-Electric dispels rumours of peak hour changes


July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse



Top 5 things to watch in this week

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