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   Friend-KSA
Friday, August 31, 2012 09:07 PM 
Reply: >
Brothers i want input from friends that i have about two lac saudi riyal and i want to bring it by hand(though it is displayed on JEDDAH AIRPORT that nobody can carry more tha sixty thousand legally,but it is very easy to deceive airport staff+i have letter from me department that this is my legal money)my question is that if i change these riyals by any moneychanger in pakistan,can i show this recipe+exit visa+plus letter from my department about this money is enough to justify FBR IF I buy any property?.if not what consequence i can face.please please no joke,it is serious request for sincere advice.thanks
cash replied on Friday, August 31, 2012 09:14 PM 

I will not advise you to carry such large money by hand to pakistan?

why not other channels?
shahid khan london replied on Friday, August 31, 2012 09:18 PM 

better bring pay order it is easy and safe
Friend-KSA replied on Friday, August 31, 2012 09:45 PM 

sorry it is harsh to use word"deceive"but believe me most of time staff sitting on scanner is busy with mobile phone or talking with friend and least interested with stuff being scanned.
asad replied on Friday, August 31, 2012 09:56 PM 

Ok good
wajahat replied on Saturday, September 1, 2012 12:02 AM 

better open riyal account in pakistan, transfer all the money in riyal account that you will open in pakistan, than you can withdraw as needed.

its safe and wise to do like that.

wajahat
ks replied on Saturday, September 1, 2012 12:09 AM 

FOLLOW THE LAW!
Qatar replied on Saturday, September 1, 2012 01:41 AM 

I advise not to take this money with you, instead transfer it to Pakistan by some money changer. There is big risk to loose it either in Saudia or in Pakistan Airport or outside. You may loose your whole earning.
Shahid replied on Saturday, September 1, 2012 03:48 AM 

Dear,
The best way to transfer is through Riyad Bank website. I can understand that you do not want to loose money because of getting better exchange rate in pakistan, but its better to loose 1% than taking a risk of loosing 100%.
The decesion is yours.
Abdul replied on Saturday, September 1, 2012 04:14 AM 

Carrying 2 hundred thousand Saudi Riyal by hand in nothing but STUPIDITY
Don't do this and use banking channels.

It is seriously advised.
Jameel replied on Saturday, September 1, 2012 04:18 AM 

Many ways
1 change to dollar in Saudia, Bring cash in Pakistan If U need Pak Currency you an easily change it, advantage is if you need back in Saudia or Dubai again U can take cash dollars. But Down side is if you buy some thing in Pakistan it will be difficult to satisfy authorities and you can be looted as you are carrying cash.

2. Change in Dollar Draft by any Bank in Saudi and open the account in Pakistani Bank with that Draft, Your money will legally come in Pakistan , If You dont use for a while there will be no devaluation. You can change it any time in pak Currency [reputed money changers send their agent to Bank and deposit Pak Rupees in Your name and Get Cash or Dollar Cheque if amount is big. But if You want to send this Money abroad again [this is not needed unless U are Businessman ] Then a bit difficult.
3. Transfer pak Rupees to Pakistan by UBL or HBL You will get best rates but you will have to immediately use , invest or deposit this money as Devaluation will be there if pak Currency fluctuates
To me Option 2 is best.
Aamir replied on Saturday, September 1, 2012 05:21 AM 

Why you intend to put your hard money at risk. No deception please. Doing the right thing in right way always gives peace of mind. Open up a Riyal account in Pak and transfer the money.
mahmood replied on Saturday, September 1, 2012 08:16 AM 

the most economical, safe and leagal way to transfer/bring moeny to pakistan is to open usd account in pakistan transfer that moeny from SAR KSA acccount to pak USD account you will be charged exchange rate of 3.7510 for SAR/USD and international transfer fee around 50SAR plus 30USD correcspondant bank changes.Still you willbe better then bring cash SAR and transferring them here in open market checck calulation at any spot reference price from forexpk site.

I am also based in Jeddah
Jameel replied on Saturday, September 1, 2012 08:39 AM 

I Agree with Mehmood but to open an account in Dollar in Pakistani Bank staying abroad is Offered by UBL UAE but you get every thing activated and cheque book delivered in UAE, in 3 weeks time. If You make Demand Draft in your Name from any money changer or Bank there is no need to have an active account in Paksiatn , When you reah You go and open account with Minimal amount or even directly by That demand Draft, I was not sure that friend in KSA have sufficient time [one month] to open an account in Pakistan from Saudia with out coming here.
However the down side of draft is that money actually reaches your account in 2 weeks. But that that is OK for the person who is coming Pakistan for more than 2 weeks or permanently coming Pakistan. Some Banks even give you money earlier when they verify that demand draft is cleared by new york.
These are all self experiences and can help others.
Money changers give best rates on demand Drafts.
Jameel replied on Saturday, September 1, 2012 08:58 AM 

By Demand draft I mean in US Dollars Draft
DollarMan replied on Saturday, September 1, 2012 11:38 AM 

Well as for FBR/Tax in case of buying property you will be safe if you can prove this money is legal via recipts, salary letter, visa and other income proofs but still it's risky to travel with this big amount of money and even at airports you might get into trouble im not sure what kind of trouble you might get at the airports!
ab replied on Saturday, September 1, 2012 11:40 AM 

Sir g,

i am in jeddah and bring small pieces of gold eberytime i visit pakistan and every time i am stopped and asked for receipt.

These people might be pn the phone, but have their eyes open. If they stop u, they will count the money infront of you and everybody will know the amount amd its bad for ur security.

then in pakistan, u have to deceive the customs

and then go out of the airport and reach home.

And then u cary these 400 notes to money changer who will give you 50lac, u dont want to carry this money around and deposit.

My forceful sugession, follow the law, take 15 min to transfer money.
p.paki replied on Saturday, September 1, 2012 07:39 PM 

open riyal account in Pakistan or send to your trusted one . u will get money same day and slip of bank. so u can buy anything. dnt worry for fbr.
Friend-KSA replied on Saturday, September 1, 2012 09:03 PM 

Thanking all of you my brothers for kind and sincere advices,i have come to conclusion that banking channel will be good and safe option. GOD bless all of you.
Wall street exchange replied on Sunday, September 2, 2012 02:58 AM 

Friend-KSA,

Fact is that some time transferring form overseas, you get more rate than converting the money in Pakistan. I will suggest, to make it legal you should transfer through legal way to your bank account in pakistan.

Like I wanted to send money to Pakistan from UK, I checked online rate for dollareast in lahore and it was 148.10 2 days ago and Wall street exchange gave me 149.10 from UK.
so why should I take risk and black my money by taking it myself to pakistan and then sell on loss.
AB replied on Sunday, September 2, 2012 05:11 AM 

I am HAPPY that so many people are guiding towards doing the right thing.

Inshallah, the whole nation will become like this and we will be on growth path.
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