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Lahore Real Estate Forum: Property News & Community Talk : ,

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   AA
Tuesday, April 12, 2011 02:52 AM 
Reply: >
I have some CANADIAN $ in Canada. What is the cheapest way to bring them to Pakistan?

Should I concert them to US$ and have them wired here in a US$ account..........OR have them wired in a RUPEE account here?

Thanks
masifjamil replied on Tuesday, April 12, 2011 05:58 AM 

The simply way is to ask your bank to transfer funds in Pakistan in your foreign currency Account. Very simple and the most economical. The alternate way is to remit funds hrough money changers. They charge a notional amount and can pay any where in T.T. or cash, as you desire. Moneygram is very expensive and should be avoided. If you are maintaining a US Dollar Account in Pakistan, all funds remitted in that account would be transferred in US Dollars and you cant have Canadian Dollars in US Dollars Account.
FCY replied on Tuesday, April 12, 2011 07:10 AM 

Only transfer through a bank, and preferably to a US$ account. When you take it out, encash it through the bank itself and obtain the FC encashment certificate in your name. The difference in rate in the open market and bank rate is negligible (not like it used to be), but having an encashment certificate is very useful as that money is officially white.
adnan replied on Tuesday, April 12, 2011 05:13 PM 

Hi FCY,

Can you please give more details about FC encashment certificate?
I have always exchanged money in lahore via dollar east etc but never had any encashment certificate..How do we get it and where from?
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