SAR to PKR Rates On July 23, 2025 – Saudi Riyal strengthens as Gulf inflows keep Rupee under pressure

The Saudi Riyal showed further strength against the Pakistani Rupee on July 23, 2025, supported by robust remittance flows and persistent demand in both interbank and open markets.

In the interbank market, the Riyal reached Rs 76.07, rising slightly from the previous day. In the open market, it climbed to Rs 77.40, reflecting strong demand from currency dealers and consistent inflows from Saudi Arabia.

Analysts attribute the Riyal’s appreciation to sustained remittances from Pakistani expatriates in Saudi Arabia. Meanwhile, limited dollar inflows and higher import obligations continue to exert pressure on the rupee. One market strategist notes that “Gulf inflows are offsetting some Rupee weakness, but unless foreign earnings or reserves improve, pressure will continue.”

The Riyal is likely to remain within Rs 76–78 in the interbank market and Rs 77–78 in the open market barring significant changes in remittance patterns or forex policies. A surge in Gulf inflows or external financing could help narrow the gap and stabilise the PKR.

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