Govt sets caps by age on amount of foreign currency allowed to be carried abroad
54
The amount of foreign currency travellers leaving Pakistan can carry without having to declare it has been capped by the age of the traveler, a new advisory issued by the Federal Board of Revenue (FBR) says.
According to the FBR advisory, issued on Tuesday, travellers aged less than 5 years can carry $1,000 (or an equivalent amount in other foreign currencies) on a single visit. If they travel abroad multiple times a year, they can carry a maximum of $6,000 in one year.
Passengers aged 5-18 years can carry $5,000 on a single visit and up to $30,000 over a year in case of multiple visits.
Similarly, travellers who are above 18 can carry $10,000 on a single visit and up to $60,000 over a year in case of multiple visits.
Importantly, all travellers leaving Pakistan have been forbidden from carrying more than Rs3,000 on their person under the new rules.
Read more
On DawnNews
Comments (54) Closed
Jul 10, 2019 02:38pm
Unbelievable, this is a very generous limits allowed to be taken, it wasn't required at all.
Recommend
0
Jul 10, 2019 02:45pm
Finally some clarity . Good
Recommend
0
Jul 10, 2019 02:51pm
@KB , The rules were the same even two years ago so what is new?
Recommend
0
Jul 10, 2019 02:57pm
Great move to stop the money laundering political class!
Recommend
0
Jul 10, 2019 03:01pm
Could we also learn how much is one permitted to eat at one time of the day? Two chapattis or naans or three? Life would be so much easier to live if a directive is soon issued to resolve this basic issue.
Recommend
0
Jul 10, 2019 03:14pm
Statement is not cleared. All travelers can not carry more than 3000$ to leave abroad where as in first statement any person who is above 18 years can carry 10000$ in a single trip and 60,000$ in multiple trips in a year.
Recommend
0
Jul 10, 2019 03:18pm
Why limit on rupees????
Recommend
0
Jul 10, 2019 03:19pm
For your knowledge
Recommend
0
Jul 10, 2019 03:23pm
Carrying of Pakistani currency shall be increase to Rs 10,000 as at most occasions while getting boarding pass the agent ask substantial amount due to imposing of additional tax after the air ticket was issued.
Recommend
0
Jul 10, 2019 03:35pm
@MG,
To stop money laundering! Take crime infested rupees to Dubai, convert to dollars, bring back a forex, look like a patriot! Any other questions?
Recommend
0
Jul 10, 2019 03:37pm
PMIK must please increase this amount as a lot of people travel to China on business and bring products home
Recommend
0
Jul 10, 2019 03:43pm
If forbidden from carrying more than Rs. 3,000 on their person under the new rules, how else would a person carry remaining allowed amount?
Recommend
0
Jul 10, 2019 03:49pm
These regulations were in place even 5 years ago
Recommend
0
Jul 10, 2019 04:05pm
Confusing and unnecessary
Recommend
0
Jul 10, 2019 04:07pm
@Mujahid Hussain, $3,000 limit is for a visitor leaving Pakistan after visiting.
Recommend
0
Jul 10, 2019 04:09pm
You should only be allowed to carry cash if you are of legal age(18) or above, or a maximum should be decided if you have up to 5 kids, that’s it, now people will stuff their kids with cash when traveling.
Recommend
0
Jul 10, 2019 04:10pm
Very generous limits more suitable for a country with lots of foreign currency reserves.
Recommend
0
Jul 10, 2019 04:10pm
concentrate on big fishes and Catch them to set examples.
Recommend
0
Jul 10, 2019 04:14pm
@Mujahid Hussain, they are clear..international law states that any passenger can carry the max $10000 or it's equivilent in local currency on international flights ..anything above $10000 has to be declared at departure or arrival and appropriate tax has to be paid
Recommend
0
Jul 10, 2019 04:16pm
@MG, PKR3000
Recommend
0
Jul 10, 2019 04:18pm
You need more than 3000rs for airport tax and refreshements in lounge/dutyfree.
Recommend
0
Jul 10, 2019 04:19pm
@Mujahid Hussain, What is not clear ? It is Rs.3,000 ( RUPEES ) i.e. traveler can not carry more than Pak Rupees 3,000.- Upper limit is equivalent of USD 10,000 in Foreign currency.
Recommend
0
Jul 10, 2019 04:36pm
@Taimur, limit defined as per age limit
Recommend
0
Jul 10, 2019 04:45pm
Pakistan is in severe problem of Reserve.FBR / SBP should not allow more than $3000- as suggested by money changer Association president mr Bostan ? Money changer still gives upto $33000- cash to any one against copy of CNIC??Its a strange why dont SBP/FBR know that whole world is in economic crises??Pakistan may face worst problems in 2020??Even big european banks are in deep trouble.
Recommend
0
Jul 10, 2019 04:49pm
Great move by the P.T.I. administration in Islamabad to curb money laundering and smuggling. Even in the U.S., you are not allowed to take out more than $10,000 during your overseas visit.
Recommend
0
Jul 10, 2019 04:51pm
why allow such big amount of $ to take out of country ?
Recommend
0
Jul 10, 2019 04:57pm
Changing rules for travellers how much amount they can carry on single or multiple trips on day to day basis clearly shows that government is not firm as what to do and what should not be done.
Limit restrictions on Pakistani currency that one should not take out of country more than Rs 3000 seems to be absurd as after free fall of Pakistani currency comparing to 1 US $ before begging for IMF loan.
Pakistani currency is not in demand in any foreign country. It’s not that 1 US $ = 1 Pak Rupee.
Recommend
0
Jul 10, 2019 05:03pm
What's the 3000 rs rule can some1 explain???
Recommend
0
Jul 10, 2019 05:12pm
And who and how many are these children and individuals? BTW, what if children, teenagers and adults are travelling as family? Are their individual allowed limits added or there is a defined family limit? It is clear, under these definitions, only a few can inflict huge damage in terms of outflow of foreign currency.
Recommend
0
Jul 10, 2019 05:22pm
Bangladesh citizens can take out US$5,000 for travel to SAARC member countries + Myanmar and US$7,000 or equivalent for travel to other countries. Bangladesh Foreign Reserves $33bn.
Recommend
0
Jul 10, 2019 05:26pm
@SHAHID SATTAR , Well Done. good point.
Recommend
0
Jul 10, 2019 05:32pm
This rule is 10 years old!!!!
Recommend
0
Jul 10, 2019 05:46pm
when they come back Rs3000 would be certainly worth 2000
Recommend
0
Jul 10, 2019 06:17pm
Modeling agencies will now need to hire a lot more. This is how they earn most of their money.
Recommend
0
Jul 10, 2019 06:29pm
$10,000. is too much for a poor countr.
Recommend
0
Jul 10, 2019 06:52pm
Cannot understand the rational of this age related foreign exchange available while travelling abroad. There could be a fixed amount per passenger per visit which would be easier to implement.
Recommend
0
Jul 10, 2019 07:02pm
It should not be more than 5000 !
Recommend
0
Jul 10, 2019 07:16pm
@Murtaza Mandviwala, Simple. Traveler can not carry MORE THAN 3,000 Pakistani Rupees.
Recommend
0
Jul 10, 2019 07:22pm
Now family will be used to money laundering as cash allowed too much. People should be discouraged to carry the cash. Asked to put the money in the account and carry the cards. 1 thousand person should be allowed in present circumstances.
Recommend
0
Jul 10, 2019 08:00pm
@MA, Thanks
Recommend
0
Jul 10, 2019 08:03pm
whom are they trying to fool? It will open door for massive corruption.
Instead of imposing restrictions, government should boost exports, which can be doubled by removing hurdles.
Recommend
0
Jul 10, 2019 08:07pm
$10,000 is enough.
Recommend
0
Jul 10, 2019 08:18pm
Still living in la-la land. This country has no foreign exchange, dollar is exticnt still the govet allows people to carry so much money abroad. Strange
Recommend
0
Jul 10, 2019 08:19pm
@Chinpaksaddique, Are there no Industries that makes these products in Pakistan?
Recommend
0
Jul 10, 2019 08:26pm
@Newborn, Forget models. FM himself travels 4-5 times a month and takes US$10,000.00 each time.
Recommend
0
Jul 10, 2019 08:44pm
What do we mean by, "Importantly, all travellers leaving Pakistan have been forbidden from carrying more than Rs3,000 on their person under the new rules."
Recommend
0
Jul 10, 2019 08:49pm
@M. Emad, I still would not want to be a Bengali . Now go back to your own forum.
Recommend
0
Jul 10, 2019 09:17pm
This is sheer stupidity. Here in the UK no one is allowed to carry more than
£1000 in cash on their person when travelling abroad. If some one does then they are required to declare it and prove that the money is legitimate and Tax paid otherwise it is confiscated.
The rules announced in Pakistan today actually hands over the money laundering charter on a silver plate to the crooks.
Wonder who devises these ill conceived and bumbling rules.
Recommend
0
Jul 10, 2019 10:08pm
Limit of carrying $10,000.00 is an International standard of allowed currency between countries for international trace and cannot be changed by any country. The only change is under the age of 18, at the same time these limits are only for Pakistani Nationals not any other Nationals coming and going to Pakistan
Recommend
0
Jul 11, 2019 07:47am
@Dr. Salaria, Aamir Ahmad, yes cash. But credit
And debit card no issue.
Recommend
0
Jul 11, 2019 08:33am
News not clear. First it says that for a person age above 18 years can carry $10,000 maximum per foreign visit, But then in the last paragraph is says only or $3000 is allowed. I need clarification please, if any body can help me. please?.
Recommend
0
Jul 11, 2019 11:25am
This so still comfortable and quite a lot. So I think Pakistanis can still be quite comfortable going abroad. Rest I’m sure they can spend on credit card. This is the limit of cash they can carry, right?
Recommend
0
Jul 11, 2019 04:18pm
@M. Saeed, in USD or any other currency.
Recommend
0
Jul 11, 2019 06:23pm
@AK4PK , again the limit is only 3000 rupees that travellers can take leave with from pakistan
Recommend
0
