In case of India, however, the ceiling has been increased to Rs3,000 from Rs500, the SBP said in a statement.
The new limits are particularly for Pakistani banknotes. A passenger can carry up to $10,000 or equivalent notes of another currency while going abroad, according to SBP’s foreign exchange rules.
The revisions will “cater to genuine needs of international travelers”, the SBP said. “The above revision has been undertaken to facilitate the travelers and considering increase in the cost of goods and services with the passage of time.” The previous permissible limits were Rs3000 for all countries other than India and Rs500 for India.
The last notification in this regard was issued in 1992.
However, the limits are seldom enforced. “I have been travelling to and from Pakistan for more than 20 years. Sometimes I have more cash than the permissible limit. They [the authorities] have never once checked me,” a traveler said. Dawn