KARACHI, July 30, 2025: The Saudi Riyal (SAR) remained stable at Rs75.46 against the Pakistani Rupee (PKR) in today’s open market, unchanged from July 29 but down from Rs76.03 on July 28, currency traders reported.SAR to PKR- Daily UpdatesThe selling rate held at Rs76.03. This steadiness, driven by consistent remittance inflows and market adjustments, underscores the Saudi Riyal’s vital role in Pakistan’s financial ecosystem.Economic Impacts of the Riyal’s StabilityThe Saudi Riyal’s steady rate at Rs75.46 carries both immediate and broader effects. For Pakistani households, the Riyal’s reliable value sustains remittance purchasing power, with 1,000 Saudi Riyals converting to Rs75,460, unchanged from yesterday, supporting expenses like education, healthcare, and daily necessities despite rising costs. Businesses importing goods, such as oil and petrochemicals from Saudi Arabia, benefit from the Riyal’s dollar-pegged consistency, and this stability helps maintain predictable import costs, offering slight relief to Pakistan’s trade balance. On a macroeconomic level, the Riyal’s performance supports Pakistan’s foreign exchange reserves, which exceeded $11 billion in October 2024, aiding inflation control and external debt management. A weaker Rupee can enhance export competitiveness, and this stable rate reinforces Pakistan’s economic resilience.Why the Saudi Riyal Is Essential for PakistanThe Saudi Riyal is a key economic driver for Pakistan, fueled by deep ties with Saudi Arabia, where millions of Pakistani workers contribute to sectors like construction, healthcare, and services. In May 2025, Saudi Arabia accounted for $913.3 million of Pakistan’s remittance inflows, the largest share, according to the State Bank of Pakistan. From July 2024 to May 2025, total remittances reached $34.9 billion, a 28.8% increase from the previous fiscal year. The Riyal’s dependable value continues to fuel economic activity and support families across Pakistan.Overview of the Saudi Riyal and Pakistani RupeeThe Saudi Riyal, split into 100 halala, is Saudi Arabia’s currency, managed by the Saudi Central Bank and tied to the US dollar for reliability. This consistency makes it a trusted medium for remittances and trade, particularly for Pakistanis in the Kingdom. The Pakistani Rupee, symbolized by ₨, has been Pakistan’s currency since 1948, overseen by the State Bank of Pakistan under a managed floating exchange rate system. Its value is shaped by inflation, trade flows, and remittance inflows, with the Riyal-PKR rate reflecting market dynamics.Outlook for the Riyal-PKR Exchange RateThe Saudi Riyal’s steady value at Rs75.46 signals market equilibrium, supported by remittances and trade with Saudi Arabia. Traders and policymakers should stay alert, as even minor shifts can influence remittances, import costs, and economic strategies. For millions of Pakistanis, the Riyal’s reliable value remains a financial lifeline, reinforcing its role in sustaining Pakistan’s economic stability.Sources: State Bank of Pakistan, Forex Association of Pakistan