KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on January 3, 2022:
Buying: Rs 46.30 to the Saudi Riyal
Selling: Rs 46.80 to the Saudi Riyal
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells for foreign currency from a customer.
The rate has been updated at 09:10 AM Pakistan Standard Time (PST).
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.
The Saudi Riyal is widely traded in Pakistan due to strong economic ties, overseas employment, and religious travel between the two countries. Currency exchange dealers said demand for the Riyal generally increases ahead of Umrah and Hajj seasons. Market experts advised individuals and businesses to stay updated on daily exchange rate movements, as fluctuations in the open market can directly impact remittances, travel costs, and import payments.
