FBR fixes limit for currency carrying by outgoing international travellers
The Federal Board of Revenue (FBR) has fixed a maximum limit of $5,000 (per visit) and $30,000 (annually) for outgoing international passengers (18 years and above).
The new annual maximum limit for taking out foreign currency by passengers would be applicable from 2023. The FBR issued SRO.2201(I)/2022 on Tuesday to amend Baggage Rules, 2006.
Previously, the FBR had issued SRO.2043(I)/2022 last month to introduce draft amendments to the Baggage Rules, 2006.
Under the amended baggage rules, any person travelling abroad (except to Afghanistan) is allowed to take out of Pakistan, US dollar or the equivalent thereof in other foreign currencies as per the limits given below:
The passenger of 18 years and above (adult) would be entitled to take $5,000 (or equivalent in other foreign currencies) under the maximum limit per person per visit. The annual limit per person in US dollars (or equivalent in other foreign currencies) has been fixed at $30,000.