Forecasts for SAR to PKR
The exchange rate forecast for the SAR to PKR indicates a stable yet cautious outlook, as the current rate stands at approximately 74.90 PKR per SAR. This figure is just above the three-month average and reflects a relatively narrow trading range of 2.0%, oscillating between 73.94 and 75.43 PKR. According to currency analysts, this stability can be attributed to several factors, including the fixed peg of the Saudi riyal to the U.S. dollar, which remains at 3.75 riyals per dollar. This peg provides a level of predictability in exchange rates, although economic pressures in the region continue to influence market dynamics.
Economists have pointed out that recent developments in the Pakistani economy, particularly the impacts of the 29% reciprocal tariff imposed by the U.S., may hinder the strength of the PKR against the SAR. The tariff has exacerbated trade challenges for Pakistan, even as remittances from migrant workers continue to bolster the domestic economy. Reports indicate that Pakistani workers have been sending substantial amounts back home, which could temporarily support the PKR. However, analysts suggest that this trend may reflect a short-term strategy to secure cash ahead of a challenging job market in the Middle East, rather than a long-term strengthening of the PKR.
Furthermore, market experts believe that the overall economic performance of Pakistan will heavily influence future exchange rates. With the SAR to PKR currently trading close to its historical average, fluctuations are expected to be minimal unless marked changes in economic policy or external factors occur. As forecasters continue to monitor these economic indicators, businesses and individuals engaging in international transactions should stay informed of potential shifts in this exchange rate landscape.
