Federal Board of Revenue (FBR) has revised the policy related to the carrying of foreign currency while traveling abroad.
According to the advisory issued by the revenue board, travelers are not allowed to carry more than Rs.3,000 on a single foreign visit. Details of carrying foreign currency with respect to specified ages are as follows:
– Aged 5 years or less
o 1,000 USD – or equivalent foreign currency (valid for a single visit)
o Maximum 6,000 USD – or equivalent foreign currency (valid for multiple visits in one year)
– Aged between 5 to 18 years
o 5,000 USD – or equivalent foreign currency (valid for a single visit)
o Maximum 30,000 USD – or equivalent foreign currency (valid for multiple visits in one year)
– Aged 18 or above
o 10,000 USD – or equivalent foreign currency (valid for a single visit)
o Maximum 60,000 USD – or equivalent foreign currency (valid for multiple visits in one year)
Furthermore, the restriction is also imposed to carry gold, silver, diamonds and other similar jewelry in large quantities. Artifacts, antiques, any sort of drugs or intoxicating material, toxic chemicals and any literature against Pakistan will also be banned.
Those carrying their pets in flight would have to provide an animal quarantine certification.
The strict decision is made to cut down the chances of money laundering. Concerned authorities have started to place informatory notices at all airports in the country and dedicated cells have also been established for any complaints.
