Forecasts for SAR to PKR
The exchange rate for the Saudi Riyal (SAR) to the Pakistani Rupee (PKR) has recently displayed some stability, with rates hovering near 74.70 PKR, which is just above the three-month average and within a narrow trading range of 73.94 to 75.43 PKR. Analysts note that current levels reflect a consolidation following previous fluctuations, suggesting that investors may be adopting a cautious approach amid broader market uncertainties.
The SAR remains firmly pegged to the US dollar at a rate of 3.75 riyals per dollar, which provides a degree of stability for the currency. However, the PKR is experiencing pressures due to external factors such as the 29% reciprocal tariff imposed by the US on Pakistani goods. This situation is compounded by significant remittance flows into Pakistan, which have countered expectations during the pandemic. Migrant workers are reportedly sending home substantial amounts of money, but this influx could be more a reaction to job market fears in the Middle East rather than a sign of economic strength.
Looking ahead, forecasters suggest that the SAR to PKR rate may remain stable in the near term, reflecting the relatively fixed nature of the riyal and the influences of external economic factors affecting the PKR. Experts advise monitoring developments related to global trade policies and remittance trends, as these could result in more significant volatility in the PKR, ultimately affecting the exchange rate dynamics with the SAR. Overall, while the SAR shows resilience, the PKR's outlook may be more uncertain amid ongoing geopolitical and economic challenges.
