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The Saudi Riyal (SAR), the official currency of Saudi Arabia, remains a crucial aspect of financial planning for expatriates sending remittances to Pakistan. With 1 Riyal subdivided into 100 halalas, the exchange rate has a significant impact on the financial decisions of those managing cross-border transactions.
As of January 8, the open market exchange rate for the Saudi Riyal stands at Rs74.22, meaning:
500 Saudi Riyals equal Rs37,110
1,000 Saudi Riyals equal Rs74,220
Expatriates and individuals traveling to Pakistan can exchange Saudi Riyals at local banks or authorized exchange companies for efficient currency conversion.
Saudi Arabia, being a major hub for Pakistani expatriates, contributes significantly to remittances that support the country’s economy. The exchange rate plays a pivotal role in determining the financial outcomes for families relying on funds sent from abroad.
Stay updated on currency trends for better financial planning.
