Riyal to PKR Rates On July 23, 2025 – Riyal Strengthens as Remittance Demand Supports Gulf Currency
The Saudi Riyal gained further ground against the Pakistani Rupee on July 23, 2025. The currency saw steady appreciation amid strong remittance flows and persistent demand in the open market.
| Currency | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| Saudi Riyal (SAR) – interbank | 75.94 | 76.07 |
| Saudi Riyal (SAR) – open market | 76.75 | 77.40 |
In the interbank market, the Saudi Riyal touched Rs 76.07, marking a slight increase from the previous session. In the open market, it rose more noticeably to Rs 77.40, continuing its gradual climb from earlier this month. The spread between the interbank and open market rates reflects sustained demand in the currency exchange sector.
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Financial experts point to the strength of Pakistani remittances from the Kingdom of Saudi Arabia as a key driver of Riyal stability and growth. Meanwhile, import payments and limited dollar availability continue to weigh on the rupee. Analysts warn that if external debt obligations or oil-related payments rise, pressure on the PKR could deepen further.
The Riyal is expected to remain within the Rs 76–78 range unless there is a significant shift in remittance flows or a boost in Pakistan’s foreign exchange reserves. Any further policy support or financial inflow from the Gulf could help ease pressure on the rupee.
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