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Forign remittance : Please Answer,

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   junaid
Thursday, October 13, 2011 07:19 PM 
Reply: >
i want to bring cash with me .. can someone tell me how to declare it at the airport so that i don't have problem when i invest it there??? i will appreciate your comment on it .. :h
AliUsman replied on Thursday, October 13, 2011 07:47 PM 

Your question is not clear. Are you bringing some cash from abroad? Than I will advise you not to bring more than 5000 us dollars. Otherwise you might have big problem. I hope you know, How honest our own people are?
Than you may not have anything to prove how much you had.
Better to send money by bank transfer to Pakistan & than be in Pakistan.
I am also an overseas Pakistani & our airport staff is the worst staff in the world. Hope you got the answer.

But choice will be yours.......
AG replied on Thursday, October 13, 2011 08:28 PM 

It is too dangerous to carry cash. Remit by Bank & Keep the Remittance Receipt from the bank to help you in case any authority ask you the source of your cash in Pakistan.

It is not at all advisable to take risk for a small benifit in exchange rate by bringing your savings in cash (Dollars or any other currency)

Regards
Jameel replied on Thursday, October 13, 2011 09:54 PM 

if U bring cash you will make all money ""Black""
Best way is either transfer to your account or your relative account in Pak rupees or dollar like this money reaches your account in 24 hours, If you dont have any account in Pakistan then make Demand draft in your own name and then when U come to pak open an account and deposit that demand draft in that account. The only little problem in this case that demand draft may take 2 weeks to clear if in US dollar,
If you are in UAE then UBL offers you to open Pak rupees or US dollar account in Pakistan, they charge only 50 dirhams as service and open account in branch of your Choice.
Reaching Pakistan you may opt to cash all money and keep in home[not recommended] but still this money will stay white money and in future if you buy a property or open a business no one can object.
Waseem Malik replied on Friday, October 14, 2011 02:22 PM 

not a good idea. read the link before you make up your mind.
http://www.dawn.com/2011/10/13/impersonators-gang-busted.html
Aman Karim replied on Friday, October 14, 2011 07:25 PM 

All of the above advises are OK but i think the Gentleman has some problem to transfer money legally. For example if he is in Saudi Arabia and doing some business either he don't want to let his local sponsor/kafeel know his actual profit or his profession on his residence permit/iqama does not allow him to transfer huge amount of money according to the local law/banks practice. For such ppl there are only two options, to carry cash with them (still there is a limit i.e. in case of Saudi Arabia max. SAR60,000/=) OR by hundi, which in my opinion apart from all the corruption and corrupt gov. back home, is still a crime. Choice n risk is ur Mr. Junaid.

Regards,
Jameel replied on Saturday, October 15, 2011 07:34 PM 

there are no restrictions in uae I am surprised if there are some restriction in Saudi Arabia?
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