Omani Rial to Pakistani rupee rate on 6 December 2024

KARACHI: The purchasing rate for the Omani Rial in Pakistan is recorded at Rs 717.9, while the selling rate is noted at Rs 726.4 in the open market on Friday, December 6, 2024.

According to forex.pk, this indicates a relatively stable exchange rate, with no notable fluctuations in the open market value of the Rial against the Pakistani Rupee.

The Omani Rial, denoted as OMR, serves as the official currency of Oman and is subdivided into 1,000 smaller units called baisa.

For the conversion of 500 Omani Rial to PKR:

On December 6, the prevailing exchange rate suggests that 500 Rial is equivalent to Rs. 358,950, whereas 1,000 Omani Rial amounts to Rs. 717,900 in Pakistani currency.

Also read: Gold slips as higher yields weigh; focus turns to US payrolls

Additionally, it is worth noting that the rate of Rs. 717.9 per Omani Rial in the open market is significant for the substantial Pakistani expatriate community residing in Oman, which is estimated to comprise around 250,000 individuals engaged in work or business activities.

The exchange rate between OMR and PKR is vital for financial transactions, particularly in remittance transfers and the conversion of earnings into Pakistani Rupees.