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.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Ex-US official Pompeo dances with Israeli troops

An avowedly pro-Israeli former US secretary of state danced with soldiers of…

اسلام آباد میں سرکاری اساتذہ کا احتجاج، پارلیمنٹ ہاؤس کے سامنے پہنچ گئے

اسلام آباد میں سراپا احتجاج سرکاری اسکولوں کے اساتذہ اورملازمین مارچ کرتے…

Search gears up as quake death toll passes 20,000

More than 20,000 people are now known to have died after Monday’s…

Hezbollah deputy Secretary General says all of Israel is target

Hezbollah’s deputy Secretary-General Naim Qassem said the group has “the right” to…