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The Saudi riyal (Arabic: ريال سعودي riyāl suʿūdiyy) is the currency of Saudi Arabia. It is abbreviated as ر.س SAR, or SR (Saudi Arabian Riyal/Saudi Riyal). It is subdivided into 100 halalas (Arabic: هللة Halalah). The currency is pegged to the U.S. dollar at a constant rate of exchange. [2]
Pakistan put foreign exchange controls in place in 1949, restricting the export and import of currency except for when needed for Hajj in Saudi Arabia. This created an opportunity for smuggling, leading Pakistan to issue special Haj notes [21] for use by pilgrims. These were differentiated by an overprint in English "For pilgrims from Pakistan ...
In terms of time usage, both the 24-hour clock and 12-hour clock are widely used in the country. The 12-hour notation is widely used in daily life, written communication, and is used in spoken language.
The government later extended the end date to October 31, including the holy month of Ramadan, which had begun prior in the first few days of September. [2] [3] Pakistan's usage of DST originally was required to end on August 31st. [4] In 2009, DST was observed from April 15 through October 31.
Pakistan has experimented with Daylight Saving Time (DST) a number of times since 2002, shifting local time from UTC+05:00 to UTC+06:00 during various summer periods. Daylight saving time in Pakistan has not been observed since 2009.
Islamabad says Saudi Arabia has shown interest in acquiring government stakes in Pakistan's Reko Diq gold and copper mine, which could be a major deal for the $350-billion economy.
Saudi Arabia remains a major destination for immigration amongst Pakistanis, the number of whom living in Saudi Arabia stands between 900,000 and 1 million (see Pakistanis in Saudi Arabia). [14] [15] Saudi Arabia was a major supporter of the "Islamisation" programme of the military ruler Gen. Zia-ul-Haq in the 1970s.
LONDON (Reuters) -Saudi Arabia has joined a China-dominated central bank digital currency cross-border trial, in what could be another step towards less of the world's oil trade being done in U.S ...