Stable Exchange Rate of Saudi Riyal against Pakistani Rupee on November 20, 2024
Karachi: On Wednesday, November 20, 2024, the exchange rate of the Saudi Riyal remained stable in Pakistan’s open market. The buying rate was reported at 73.65 Pakistani Rupees, while the selling rate stood at 74.2 Pakistani Rupees, showing no change from previous days.
Saudi Arabia and Pakistan share a long-standing and robust relationship, with cooperation spanning various sectors such as trade, energy, defense, and culture. This partnership is crucial for Pakistan’s economy, as Saudi Arabia is a major source of foreign remittances and employment opportunities for Pakistanis abroad.
Saudi Arabia has long been a preferred destination for Pakistani expatriates seeking better job prospects. It is the largest employer of Pakistani workers, particularly in sectors like construction, healthcare, hospitality, and retail. These workers play a vital role in Pakistan’s economy, regularly sending substantial remittances back home to support their families.
