SBP Revises Limit of Foreign Currency Carrying for Travelers
SBP Revises Limit of Foreign Currency Carrying for Travelers. The State Bank of Pakistan (SBP) has recently revised the limit of foreign currency carrying for travelers. SBP reduced the foreign currency cash-carrying limits for travel purposes on every visit and an annual basis.
Revised Limits of foreign currency Carrying?
According to the revised limits of State Bank circular:
- with age 18 years and above (adults) can now take foreign currency (FCY) equivalent to $5,000 per visit,
- those below the age of 18 years (minors) can carry foreign currency equivalent to $2,500 per visit.
- the annual limit to take out foreign currency (FCY) for adults and minors shall be $30,000 and $15,000, respectively.
When Revised Limits of foreign currency in hand will applicable?
- Maximum limit per person per visit is applicable with immediate effect.
- The annual limits will be for a calendar year starting from the year 2023.
- However, for the calendar year 2022, the existing annual limits will continue to be effective till December 31, 2022.
If any person taking foreign currency out of Pakistan shall make a declaration to Customs at the time of leaving the country.
What is the Previous Limits of foreign currency Carrying?
Earlier, the State Bank of Pakistan (SBP) permitted to any person to take out of Pakistan US Dollars or the equivalent thereof in other foreign currencies as per the following limit:
- A minor – age up to five years – allowed a maximum limit of $1,000 per visit or an annual ceiling of $6,000.
- A child – from 5-18 years – allowed a maximum amount of $5,000 per visit or an annual ceiling of $30,000
- An adult – above 18 years – allowed a maximum amount of $10,000 per visit or an annual ceiling of $60,000
Common Questions regarding Foreign Currency limit for travel from Pakistan
How much foreign currency you can carry?
How much cash can I carry from Pakistan to UK?
Can a citizen of Pakistan send money abroad to a non resident?
How much foreign currency can I carry from Pakistan?
