Quantcast
Friday , August 18 2017
Breaking News
Home / Markets / Currencies / Customs more vigilant to stop flight of foreign currency
Customs more vigilant to stop flight of foreign currency

Customs more vigilant to stop flight of foreign currency

KARACHI: After imposition of ban on import of gold by the government, the Customs officials and other agencies have become more active to keep strict vigilance on illegal import of gold and foreign currency from airports and other border check posts, in the backlash of dramatic fall of Pak rupee against dollar in the local money market.

It is pertinent to mention here that the government has taken such steps after sharp fall of the local currency during the past few days.

In this regard, the Customs Department has been directed to check passengers going abroad and do not allow them to take money along with them exceeding the limit of US $1000.

Sources told Customs Today that the price of gold will increase in few days after Eid-ul-Fitr and the US dollar will also fall against Pak rupee in near future.

They said that the department is on high alert to stop the flight of precious foreign currency from the country.