PAKISTAN: The customs department has established currency declaration counters at all airports where passengers travelling on international routes are bound to declare volume of foreign currencies at both arrivals and departures.
“Adult passengers travelling on international routes are allowed to carry a maximum of $10,000 on each visit. The limit for children aged less than 18 years is $5,000 and it is $500 for infants,” a Customs official told The Express Tribune.
Foreign currencies other than the US dollar should be equivalent or less than the allowed limits. “Money for local airport expenses should not be mixed with the foreign currencies,” he said.
Besides, the passengers are also bound to declare volume of gold and precious and semi-precious stones at the airports, according to the Federal Board of Revenue (FBR) notification that announced proposed amendments in the Baggage Rules 2006 on June 22.
The passengers would also be bound to declare satellite phones, if they carry, in a prescribed declaration form. The amendments are aimed at combating money laundering, terrorist financing and other related threats to integrity of the international financial system.
Failure to achieve the set objectives may lead to blacklisting of Pakistan in October 2019 by the Paris-based Financial Action Task Force (FATF), it was learnt.
