business
Wednesday Sep 21 2022
By
BDBusiness Desk

Pakistan amends currency declaration rules for travellers

By
BDBusiness Desk
Workers move luggage trolleys at the Islamabad International Airport in this undated photo. — AFP/File
Workers move luggage trolleys at the Islamabad International Airport in this undated photo. — AFP/File

  • Incoming passengers to declare amount exceeding $10,000.
  • People travelling abroad to declare amounts above $5,000.
  • No traveller will be checked while passing through green channels at airports.


The Federal Board of Revenue (FBR) has amended the currency declaration rules for passengers travelling to and from Pakistan in a bid to modernise the declaration regime.

The FBR's SRO1751 of Customs, issued on Tuesday, directs incoming passengers to declare the amount exceeding $10,000, and outgoing travellers to declare the amount that is $5,000 or beyond.

Dawn reported that travellers could declare currency manually at the customs counter, or they can do the same electronically through the customs system. Passengers can also file declarations remotely through the online operated WeBOC system.

The publication reported that since the forms are available online, no traveller will be checked while they pass through the green channels at Pakistan's airports.

Previously, the FBR did not add the provision of currency declaration for passengers, according to a Customs official, but now, they have included it in line with best practices adopted by most countries.

Talking to Dawn, Member Customs Mukarram Jah Ansari said that the new order will modernise the country's regulation rules as earlier, the passengers were bound to even declare small amounts.

In India, incoming travellers have to declare $5,000 and in the United Kingdom, inbound and outbound passengers have to declare cash when it exceeds $10,000.