ISLAMABAD – Federal government sets new limit for foreign currency carryingwhile visiting abroad.
The government has made it mandatory for passengers traveling abroad todeclare any foreign currency they are carrying at arrival and departure.Currency declaration counters have been set up at all airports for thispurpose.
This development has come about in a bid to curb money-laundering,terrorist financing, and other similar threats. The Customs Act has alsobeen amended in this regard. Under the new rules, adult passengers oninternational travel would be able to carry a maximum of $10,000 per visit.Whereas the currency limit for minors will be $5000 and for infants, itwill be $500.
As for foreign currencies other than the US dollar, the limit would beequivalent to or less than that allowed in dollars. “Money for localairport expenses should not be mixed with the foreign currencies,” he said.——————————
The passengers are also required to declare the volume of gold, preciousand semi-precious stones at the airports, according to a Federal Board ofRevenue (FBR) notification about the proposed amendments in the BaggageRules 2006 on June 22.
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The passengers will also have to declare satellite phones, if any, in theprescribed declaration form. The recent amendments also require thepassengers to declare the purpose of their international visit, whether itis of personal, business, tourism, or official nature.
The travelers will also declare if they are carrying any restricted andprohibited goods like drugs, firearms, weapons, and psychotropics.
