Omani Riyal Remains Stable Against Pakistani Rupee

Islamabad:(Web Desk) The Omani Riyal remained stable against the Pakistani Rupee in the open market on Thursday, May 21, 2026, as steady remittance inflows and balanced demand for Gulf currencies supported market stability.

According to currency market data, the buying rate of the Omani Riyal stood at Rs722.00, while the selling rate was recorded at Rs733.25. The exchange rate remained unchanged compared to the previous trading session on May 20, reflecting stable activity in the foreign exchange market.

Financial analysts noted that the Omani Riyal continues to benefit from relatively stable global crude oil prices, as Oman’s economy is closely linked to energy exports. Since the Riyal is pegged to the US dollar, monetary policy trends in the United States also influence the currency’s overall direction.

Meanwhile, consistent remittance inflows from overseas Pakistanis are helping strengthen Pakistan’s foreign exchange reserves and support the local currency. Analysts estimate monthly remittances remain close to the $3.8 billion mark, easing pressure on Pakistan’s external financing needs.

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The stable exchange rate continues to benefit thousands of Pakistani expatriates working in Oman, especially in Muscat and other commercial centers. At the current exchange rate, a worker earning 500 OMR can remit nearly Rs361,000 to Pakistan, providing significant support for household expenses and savings.

Trade relations between Pakistan and Oman also remain active, with annual bilateral trade estimated between $1 billion and $1.2 billion. Pakistan exports textiles, rice, food products, and consumer goods to Oman while importing industrial and energy-related materials.

Currency dealers expect the OMR/PKR exchange rate to remain mostly stable in the short term, although future movements may depend on oil price fluctuations, global economic conditions, remittance flows, and Pakistan’s external account position.

Experts continue to advise the public to use licensed exchange companies and regulated banking channels for secure and transparent currency transactions.