Riyal to PKR Rates On July 24, 2025 – Saudi Riyal Holds Around 76 PKR, Open-Market Margins Widen
In the interbank market today, the Saudi riyal remained largely steady, while open-market rates shifted slightly upward, indicating a modest divergence due to differing liquidity conditions.
| Market | Buying (PKR) | Selling (PKR) | 24‑Hour Change |
|---|---|---|---|
| Interbank | 75.93 | 76.07 | Unchanged |
| Open Market | 76.50 | 76.80 | +0.4% approx. |
In formal interbank trades, the riyal held firm—buying at 75.93 and selling at 76.07 PKR. These rates have hovered in a narrow band (75.92–76.08) over the past month.
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Open-market dealers quoted the riyal higher at 76.50 to 76.80 PKR—reflecting around a 0.4% premium compared to official channels, driven by remittance delays and import demand.
Forex analysts highlight that the stable interbank rate shows central bank efforts to maintain order, while higher open-market rates point to weaker liquidity outside formal channels. They advise that any increase in remittance inflows—especially from Saudi Arabia—or tighter import controls could help reduce the open-market premium.
The Saudi riyal is expected to trade in the 75.9–76.1 PKR range in interbank markets. However, open-market sell rates may edge closer to 77 PKR if liquidity remains tight. A renewed inflow of funds from Gulf remittances could ease pressure and bring the two rates closer together.
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