Money and banking drive economic activity by facilitating transactions, savings, and investments. Banks manage financial resources, offer credit, and regulate money supply, ensuring stability and growth in Pakistan’s financial sector.
We update rates hourly so we can offer you the best SAR to PKR.
The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
We update rates hourly so we can offer you the best AED to PKR.
The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
We update rates hourly so we can offer you the best EUR to PKR.
The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
We update rates hourly so we can offer you the best GBP to PKR.
The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
KARACHI – As of July 24, 2021, the exchange rates for the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) in the open market are as follows:
• Buying Rate: PKR 42.00 per Saudi Riyal
• Selling Rate: PKR 42.50 per Saudi Riyal
These rates are determined based on real-time trading activity and are subject to fluctuations throughout the day. We continuously update our data on an hourly basis to ensure that buyers and sellers get the most accurate and competitive conversion for Saudi Riyal to Pakistani Rupee. This ensures transparency and better decision-making for those engaged in currency exchange.
The exchange parity between the Saudi Riyal and the PKR is driven primarily by market demand and supply. Open market currency traders play a key role in setting these values, and they are influenced by factors such as remittance inflows from Saudi Arabia, the demand for SAR due to Hajj and Umrah travel, and the overall performance of the Pakistani rupee in the global forex landscape.
The importance of the Saudi Riyal in the Pakistani forex market cannot be understated, given the strong economic and labor ties between Pakistan and Saudi Arabia. A significant number of Pakistani expatriates work in Saudi Arabia and regularly send remittances back home in Riyals, making SAR one of the most traded foreign currencies in Pakistan after the US dollar.
As a result, both individuals and businesses closely monitor SAR to PKR rates. Whether it’s for travel, trade, or remittances, the value of the Saudi Riyal in rupee terms affects millions of people. The PKR’s performance against the Saudi Riyal also reflects broader economic indicators including foreign reserves, inflation, and overall investor confidence.
In summary, the current SAR to PKR exchange reflects a buying rate of PKR 42.00 and a selling rate of PKR 42.50. These rates are constantly shifting in response to the forex market’s dynamics. Those looking to exchange Saudi Riyals for rupees—or vice versa—are encouraged to stay informed with the latest updates to make well-timed financial decisions.
We update rates hourly so we can offer you the best AED to PKR.
The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
We update rates hourly so we can offer you the best EUR to PKR.
The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
We update rates hourly so we can offer you the best GBP to PKR.
The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
We update rates hourly so we can offer you the best USD to PKR.
The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Friday, July 23, 2021, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
KIBOR serves as a benchmark interest rate that signifies the average interest rates at which banks in Pakistan offer unsecured funds to one another in the interbank market. The rates announced by the SBP on July 23, 2021, are as follows:
Tenor
Bid
Offer
1 – Week
6.94
7.44
2 – Week
6.97
7.47
1 – Month
7.02
7.52
3 – Month
7.13
7.38
6 – Month
7.34
7.59
9 – Month
7.44
7.94
1 – Year
7.53
8.03
These rates provide a snapshot of the current cost of borrowing for different tenors in the interbank market. Financial institutions, businesses, and investors use KIBOR as a crucial reference point to assess prevailing market interest rates. The rates can significantly impact the pricing of various financial products, such as loans and deposits.
The transparency offered by the SBP in releasing these rates aligns with its commitment to maintaining openness in the financial markets and providing essential information for economic analysis.
Market analysts are expected to closely scrutinize these rates to gain insights into the prevailing economic conditions and make informed decisions. The KIBOR rates released by the SBP offer valuable data for financial planning and risk management.
It is essential to note that the rates mentioned represent bid and offer rates for each tenor and are provided in percentage points. The SBP’s commitment to transparency is highlighted through the release of these rates, allowing individuals, businesses, and financial institutions to make well-informed financial decisions.
Interested parties seeking further details are encouraged to visit the State Bank of Pakistan’s official website or reach out to relevant authorities. However, it is crucial to acknowledge that these rates are subject to change based on market conditions, and individuals and institutions are advised to verify the latest rates before making any financial decisions.
The SBP’s dedication to timely rate disclosures ensures that stakeholders can access accurate and up-to-date information for effective financial planning and decision-making.
