The State Bank of Pakistan has implemented the following regulatory measures:
Travelers to Afghanistan will be permitted to bring just USD1,000/- per person each visit. The yearly maximum is USD6,000.
For all foreign currency sale transactions involving USD500/- or more, as well as foreign remittances, exchange businesses will be obliged to undertake biometric verification.
This regulation will go into effect on October 20, 2021.
Exchange companies will only sell cash foreign currency and conduct foreign transactions of USD10,000/- or more in exchange for funds received via cheque or banking methods.
These regulatory measures will aid in the recording of foreign currency sales by exchange companies.
