Maximum Rs3,000 allowed to take out from Pakistan to India

KARACHI: A person is allowed to take out Pakistani currency a maximum amount of Rs3,000 for traveling to India.

According to updated Foreign Exchange Manual – 2018 issued by the State Bank of Pakistan stated that any person may take out from Pakistan to any country other than India, currency notes of Pakistan not exceeding in all Rs.10,000/- (Rupees Ten Thousand Only) in value at any one time.

“Any person may take out from Pakistan to India currency notes of Pakistan not exceeding in all Rs. 3,000/- (Rupees Three Thousand Only) in value at any one time.

The SBP granted general permission through notification issued on August 30, 2017 and prescribed limit for taking out local currency notes from Pakistan.

Under the same notification the SBP had granted general permission for bringing into Pakistan notes legal tender in Pakistan not exceeding Rs 3,000/- (Rupee Three Thousand Only) from India and Rs 10,000/- (Rupee Ten Thousand Only) from any country other than India, in value, in all per person at any one time.

The SBP further explained the use of Pakistani currency while taking out abroad.

It said that Pakistan currency notes up to Rs 3,000 and Rs 10,000, which the persons leaving Pakistan are permitted to take with them to India and to any country other than India respectively, are not intended for expenditure in foreign countries, but are meant for immediate expense on their return to Pakistan and/or for in-flight purchases on PIA’s international flights.

Authorized Dealers should bring this to the notice of travelers when issuing exchange to them for travel purposes.

As an exception, the SBP added, rupee amounts encashed, at the interbank rates, from foreign currency accounts of NGOs, UN/Other Donor Agencies, funded through remittances from abroad, may also be allowed to be taken to Afghanistan without any limit.

Authorized Dealers would issue Encashment Certificate and a Certificate, in duplicate, stating that the foreign currency has been encashed for the purpose of Afghanistan.

One copy of this certificate would be submitted to Customs Authorities and the duplicate, stamped by Customs Authorities as ‘Amount allowed to be taken out’, would be kept by the concerned NGO/agency.

The record of all such transactions would be kept by Authorized Dealers for SBP inspection.

(Visited 33 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *