Tuesday, May 30, 2023

FBR imposes $5000 cash carrying limit for foreign travel

To address the issue of declining foreign reserves, the federal government has set an annual limit of $30,000 for passengers over the age of 18 and $15,000 for those under that age to carry with them while travelling abroad, with the exception of Afghanistan, where the cap is set at $6,000.

According to FBR officials, the main goal of the amended rules was to limit the amount of US dollars that travellers could carry with them in a year.

They also stated that there was no limit set on the amount of money that passengers could carry on each trip as long as it did not exceed the limit. The officials explained that earlier, a person could travel abroad with a fixed amount of foreign currency on each of their trips, but confusion arose as there was no annual limit in place.

In the notification of amendments to the baggage rules issued by the FBR, it was stated that people over the age of 18 would be allowed to carry $5,000 with them while travelling abroad and as many times as they wanted to leave the country in a year.

However, this amount had been capped at $30,000 in a year, and they would not be able to take more dollars abroad. Similarly, those under 18 years of age could take $2,500 with them if they visited abroad during a trip with their parents and relatives. They could carry this amount on each trip in a year, but the annual limit was set at $15,000.

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