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How to transfer $$ to USA from Pakistan...?,

(60434)
   Pakistani-USA
Friday, September 10, 2010 06:43 PM 
Reply: >

Hi Eveybody

My life saving in Pakistan is a 10 marls house, Faisal Town, Lahore - now I

have moved to USA permanently with family. Now I want to sell my house and

transfer money to USA. Here in USA my intention is to buy a house for living.

1-Question-1: How I can transfer money to usa legally as per Pakistani and usa

foreign exchange transfer procedure.

2- Question-2: Suppose I get legally $xx amount in USA, Is this $xx amount is

taxable in usa? and how much %age of $xx amount is taxable?
As replied on Friday, September 10, 2010 08:42 PM 

I guess u have already asked this question few days back and got v good suggestions/Comments on it.
Ashraf replied on Friday, September 10, 2010 08:43 PM 

Donate in Flood fund .Make your life easy and also easy for others.
Surprised replied on Saturday, September 11, 2010 12:47 PM 

What is purpose of asking same thing again and again?
ashraf replied on Saturday, September 11, 2010 01:56 PM 

In USA their is a big population of Pakistanis Who are called New Daultias (Newly rich) .they have to do something to discuss there wealth and feel good.
saeedusa replied on Saturday, September 11, 2010 03:59 PM 

Why you so worried about the tax and that's the problem with us that we don't want to pay taxes but you are living here in USA and they give you the opportunity here and why you people want to save taxes and even if you have to pay taxes it's not a whole lot and you won't even notice it.
Jameel replied on Sunday, September 12, 2010 03:33 PM 

I understand if you are not living in House and managing from US then it is big headache.
I discussed with my 2 Pak American friends, They think best way is to pay gain Tax which will be about 15+5% and get money legally to US. 2nd thing is to carry money by hand [cash] Max you are allowed 10K Dollars per trip, I think Max worth of your House will be about 85K $ If Not Commercial, The down side is, this cash money can only be used to pay groceries and small payments. Not for buying house.
SK replied on Monday, September 13, 2010 01:38 PM 

One possible way might be to open FCY account with Citibank Pakistan and normal account with Citibank USA.

www.citi.com/pakistan/consumer/personal/foreign/index.htm
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