Recent forecasts and updates suggest that the SAR to PKR exchange rate is currently stable, having recently reached a 7-day high of approximately 75.57. This level is in line with the three-month average, indicating that the exchange has been fluctuating within a narrow range of 1.5%, between 74.90 and 76.05. Analysts indicate that the stability is largely influenced by the Saudi riyal’s fixed peg to the US dollar at an exchange rate of 3.75 riyals per dollar, which provides a reliable benchmark for currency valuation.
The economic landscape in Pakistan remains complex due to external pressures such as the imposition of a 29% reciprocal tariff by the US on goods from the country. This tariff is part of broader trade tensions initiated under the previous administration, which could strain the PKR further if export revenues decline. Moreover, the ongoing socio-political challenges, including heightened tensions with India, are likely to contribute to uncertainty surrounding the PKR's performance.
On a more positive note, recent remittance flows from Pakistani workers abroad have been notably strong, reflecting resilience in a challenging global economic environment. This influx of foreign currency is vital for supporting the domestic economy, but analysts warn that it may be driven by short-term factors, as many migrant workers are reportedly sending money home in anticipation of uncertain job prospects ahead.
Overall, while the SAR to PKR exchange rate has displayed a degree of stability, forecasters caution that external economic pressures and local geopolitical developments could introduce volatility. Stakeholders engaged in international transactions should closely monitor these trends as they could impact future exchange rates.
