KARACHI – The Saudi Riyal (SAR) recorded minor gains in Pakistan’s open market on Tuesday, with its buying rate now standing at Rs. 73.97.
The selling rate of the Riyal also rose slightly, reaching Rs. 74.37 on the second business day of the week.
Saudi Arabia remains Pakistan’s largest source of remittances, as a significant number of Pakistani expatriates in the Kingdom regularly send money back home. Many also exchange Saudi Riyals when traveling back to Pakistan, creating high demand for currency conversion.
SAR to PKR Rate – 26 November 2024
The Saudi Riyal (SAR or SR) is the official currency of Saudi Arabia, with one Riyal divided into 100 halalas.
How Much is 500 Saudi Riyal in Pakistani Rupees?
As of November 26, the buying rate of 1 Saudi Riyal stands at Rs. 73.97 in the open market. Therefore, 500 Saudi Riyals are equal to Rs. 36,985.
What is the Current Open Market Rate of SAR?
The current rate of one Saudi Riyal in Pakistan’s open market is Rs. 73.97.
How to Convert Saudi Riyal to Pakistani Rupees?
Individuals carrying Saudi Riyals can visit banks or authorized exchange companies to convert their currency into Pakistani Rupees (PKR) at the prevailing rates.
The rise in the Riyal’s value reflects ongoing currency fluctuations and the high demand for SAR in Pakistan, driven by remittances and returning expatriates.
