KARACHI: Nov 8, 2022: The State Bank of Pakistan (SBP) has reviewed the existing foreign currency cash carrying limits for travel purposes, and decided to further rationalize the same. As per the revised limits
individuals with age 18 years and above (adults) can now take out of Pakistan foreign currency (FCY) equivalent to USD5,000 per visit, while those below the age of 18 years (minors) can carry out FCY equivalent to USD2,500 per visit. Further, the annual ceiling to take out FCY for adults and minors shall be USD30,000 and USD15,000, respectively.
\For taking out foreign currencies by persons travelling to Afghanistan, the existing limits prescribed earlier as per SBP Notification no. F.E 2/2021-SB dated October 06, 2021 shall remain unchanged.
The annual limits will be applicable from January 1, 2023. The notification announcing the revised cash carrying limits can be accessed at the following link: In addition, the State Bank of Pakistan (SBP) has observed that debit/credit cards are being used for transactions, which are not aligned with the profile of the individual or are intended
for commercial purpose. Therefore, SBP has advised banks to ensure that the use of debit/ credit cards for international transactions is aligned with the profile of card holders and for
their personal needs only. Besides, an annual limit of USD30,000 has been prescribed for
individuals for international transactions. It is emphasized that the purpose of debit/credit cards is to facilitate individuals in making payments for transactions that are of personal nature.
The limits on these cards as well as payments through them, both domestic and international, should therefore be aligned with the profile of the card holder. It shall be the responsibility of a customer to ensure that his/ her annual limit is not breached at any time .However, banks are required to monitor these limits on consolidated basis for each individual.
