The State Bank of Pakistan has reduced foreign currency cash-carrying limits for travel purposes.
Now individuals with age 18 years and above (adults) can carry $5000 per visit. Those below the age of 18 years (minors) can carry $2,500 per visit.
Further, the annual ceiling for carrying US dollars for adults and minors shall be USD30,000 and USD15,000, respectively
Read Also: SBP Keeps Policy Rate Unchanged at 15 Percent
The SBP has advised banks to ensure that the use of debit/ credit cards for international transactions is aligned with the profile of cardholders and for their personal needs only.
Besides, an annual limit of USD30,000 has been prescribed for individuals for international transactions.
SBP observed that Debit/credit cards used by holders are not aligned with holders’ profiles.
