KARACHI: People travelling to or from Pakistan can now carry Rs.10, 000 in cash with them, the State Bank of Pakistan (SBP) has announced. The limit is raised by more than three times.
India, being the special case, the ceiling has been increased to Rs.3, 000 from Rs.500, the SBP said in a statement.
The new limits are particularly for Pakistani bank notes. Besides Rs.10, 000, a passenger can carry up to $10,000 or equivalent notes of another currency while going abroad, according to SBP’s foreign exchange rules.
The revisions will “cater to genuine needs of international travellers”, the SBP said. “The above revision has been undertaken to facilitate the travellers and considering increase in the cost of goods and services with the passage of time.” The previous permissible limits were Rs.3, 000 for all countries other than India and Rs.500 for India.
The last notification in this regard was issued in 1992, SBP spokesman Abid Qamar told media.