BUSINESS/FINANCE
Saudi Riyal to PKR, Exchange Rate Remains Steady for Fourth Day
The Saudi Riyal (SAR) exchange rate against the Pakistani Rupee (PKR) remained unchanged for the fourth consecutive day, with the buying rate standing at Rs73.55 and the selling rate at Rs74.10 in the open market as of October 24, 2024.
This steady rate allows people in Pakistan holding Saudi Riyals to exchange their currency at a consistent value. At the current rate, 500 Saudi Riyals amount to Rs36,775, while 1,000 Riyals equal Rs73,550 in Pakistani currency.
The Saudi Riyal is the official currency of Saudi Arabia, abbreviated as SAR or SR, and is subdivided into 100 halalas.
Market analysts predict a stable short-term trend for the Riyal, but traders remain watchful for any potential changes in the future exchange rate.