The Saudi Riyal (SAR) rate in Pakistan has shown notable stability during early 2026, providing relief to overseas workers sending money home and businesses involved in Gulf trade. According to the latest currency market data on February 23, 2026, the Riyal continues to trade within a controlled range against the Pakistani Rupee despite global economic pressures and currency fluctuations.
Financial experts say the steady trend reflects strong remittance inflows from Saudi Arabia and relatively balanced demand in Pakistan’s foreign exchange market.
Saudi Riyal to PKR Today – Latest Exchange Rate (February 23, 2026)
Based on the latest updates from Pakistan’s currency market:
| Market Type | Saudi Riyal Rate |
| Interbank Rate | 1 SAR = PKR 74.51 |
| Open Market Buying | PKR 74.80 |
| Open Market Selling | PKR 75.55 |
The interbank rate is primarily used for banking transactions and large institutional trading, while overseas workers and travelers typically rely on open market rates offered by exchange companies.
Stable Riyal Trend Continues in Early 2026
Currency analysts note that the Saudi Riyal has maintained a range-bound movement throughout the first months of 2026, mostly fluctuating between PKR 74.30 and PKR 75.10.
Unlike previous years marked by sharp volatility, the current trend indicates improved currency management and consistent dollar availability in the interbank market.
Market observers believe that steady import payments and controlled demand for foreign currency have helped avoid sudden spikes.
Remittances From Saudi Arabia Driving Market Stability
Saudi Arabia remains one of the largest contributors to Pakistan’s foreign remittances.
Millions of Pakistani expatriates working in cities such as Riyadh, Jeddah, and Dammam send billions of dollars annually through banking channels and exchange companies.
These inflows increase foreign currency reserves and help stabilize the SAR to PKR exchange rate.
Economists believe consistent remittance flows reduce pressure on the Pakistani Rupee and support overall exchange market confidence.
Impact on Overseas Pakistanis and Travelers
The Riyal rate directly affects several groups across Pakistan:
Overseas Workers:
Pakistanis receiving salaries in Riyals benefit when conversion rates remain strong and predictable.
Families Receiving Remittances:
Stable rates allow households to plan expenses more effectively without sudden income fluctuations.
Pilgrims and Travelers:
Those preparing for Umrah or business travel to Saudi Arabia can better estimate their currency expenses.
Why Saudi Riyal Matters for Pakistan’s Economy
The Saudi Riyal holds special importance for Pakistan’s economy due to deep economic ties between the two countries.
Saudi Arabia hosts a large Pakistani workforce, making the currency one of the most actively traded foreign currencies in Pakistan after the US Dollar and UAE Dirham.
Stable Riyal performance often signals healthy remittance inflows and improved liquidity in the domestic currency market.
Conclusion
As of February 23, 2026, the Saudi Riyal remains stable against the Pakistani Rupee, trading around PKR 74.51 in the interbank market and approximately PKR 75.55 in the open market selling rate. Supported by strong remittances and balanced market demand, the SAR continues to provide predictable value for overseas workers, families, and travelers.
Currency experts advise monitoring upcoming Ramadan remittance trends and global market developments, which could influence exchange rate movement in the coming months.