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SBP revises outward/inward cash carrying limits

SBP revises outward/inward cash carrying limits

KARACHI: The State Bank of Pakistan (SBP) has revised outward/inward cash carrying limits of Pakistan currency notes (PKR) for international travelers.

A statement here on Tuesday said that SBP has revised the per person per visit outward/inward cash carrying limits of Pakistan currency notes (PKR).

The outward/inward cash carrying limits for countries (other than India) have been enhanced to PKR 10,000/- and in case of India, the limits have been enhanced to PKR 3,000/.

The above-mentioned cash carrying limits are meant, interalia, for meeting immediate expenses of international travelers on their return to Pakistan.

Earlier, any person could take out from Pakistan to any country (other than India), upto PKR 3,000 per visit whereas for India this limit was PKR 500. Similarly, any person could bring into Pakistan upto PKR 3,000/- per visit from any country (other than India) and PKR 500 from India.

The above revision has been undertaken to facilitate the travelers and considering increase in the cost of goods and services with the passage of time.

The above enhancements in the limits of taking out/bringing in Pakistan currency notes would cater to genuine needs of international travelers, the SBP statement added.