Saudi Riyal (SAR) appreciated by one paisa against Pakistani Rupee (PKR) in open market on Friday while the buying rate reached Rs73.97 and selling rate was recorded at Rs74.36.
Currency dealers report that the minor rise of Saudi Riyal is brought about as Pakistan continues to be receiving heavy remittances from Saudi Arabia. Saudi Riyal still leads the country in the receipt of foreign exchange.
Here are the latest exchange rates:
– SAR PKR Open Market Rate –
– Buy: Rs73.97, up by 1 paisa. – Sale: Rs74.36 rose by 1 paisa
Official currency is known as Riyal. It is further divided into 100 halalas.
The conversions are, 500 Saudi Riyals equal to Rs36,985 and 1,000 Saudi Riyals equals to Rs73,970.
People traveling to Pakistan with Saudi Riyals can exchange those money at bank or country offices of exchange companies. The State Bank of Pakistan has urged the promotion of remittances through formal banking channels for the support of the economy.
