Pakistan’s economy is growing with every passing and the impact of growth can be seen in the currency strength on daily basis.
In terms of the Saudi Riyal, the rate SAR saw a slight drop against the Pakistani Rupee (PKR) today (January 29, 2026).
The Saudi Riyal (SAR) declined by 6 paisas to Rs74.60 from Rs74.66 yesterday (January 28) against the Pakistani Rupee (PKR).
On the other hand, the selling rate of Saudi Riyal (SAR) remained unchanged at Rs75.17.
It is important to mention here that millions of Pakistanis work in Saudi Arabia and they send their remittances to Pakistan.
SBP announces policy rate
Earlier, the State Bank of Pakistan (SBP) decided to maintain the key policy rate at 10.5 percent, defying widespread market expectations of a further cut.
The Monetary Policy Committee (MPC) met to review current economic conditions and, in a move that surprised many analysts and investors, chose to hold the rate steady. The decision comes after the central bank had lowered the rate by 50 basis points in its December meeting, bringing it to 10.5 percent.
In the lead-up to Monday’s announcement, market sentiment strongly favoured another reduction. Analysts cited easing inflation, improved foreign exchange inflows, and a stabilising rupee as factors that could have supported a further cut. Some forecasts even suggested the policy rate could fall below 10 percent, with Arif Habib Limited expecting a 75-basis-point reduction to 9.75 percent.
Business leaders had also pressed for lower rates, arguing that high borrowing costs were weighing on industrial output and exports. Saqib Fayyaz Magoon, Chairman of the Businessmen Panel Progressive and Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry, urged the government to take advantage of improving inflation trends to reduce financing costs.
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