Aaj English TV

Thursday, May 23, 2024  
14 Dhul-Qadah 1445  

Govt set to change laws on foreign currency in Pakistan

People or organisations hoarding currency will be punished
File photo.
File photo.

Along with the budget for the next fiscal year, the government is planning to announce new restrictions on bringing and keeping foreign currency in Pakistan.

The new legislations are expected to include fines as well as prison sentences for any persons or organisations hoarding foreign currency in the country.

The government has also decided that it will raise the limit of foreign currency that can be brought to Pakistan from abroad to $100,000. People bringing foreign exchange under the limit will not be asked to declare their source of earning.

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