The funds would be used to support both foreign and local investments. PHOTO: REUTERS
The exchange rate for the Saudi Riyal (SAR) witnessed a slight adjustment in Pakistan’s open market on Friday, November 29, 2024. The buying rate for the Riyal is now Rs 74.09, while the selling rate stands at Rs 73.96.
This change follows the rates from Thursday, November 28, where the buying rate was Rs 73.98 and the selling rate was Rs 74.11.
The fluctuation of just a few paisas in the exchange rate reflects the natural dynamics of the foreign exchange market, influenced by various economic factors.
Saudi Arabia continues to be a key source of remittances for Pakistan, making the exchange rate of the Saudi Riyal critical for both individuals and businesses engaged in currency exchange.
Exchange Rates:
- Thursday (Nov 28, 2024): Buying - Rs 73.98, Selling - Rs 74.11
- Friday (Nov 29, 2024): Buying - Rs 74.09, Selling - Rs 73.96
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