I want to transfer about USD 90k from my own foreign currency account in Pakistan to my own USD account in Dubai. What is the safest, quickest legal way of doing that?
If anyone has previous experience, please share. Thanks
Ahmed replied on Thursday, October 4, 2012 10:17 AM
Sorry can't answer, but what about the bank where you have USD account in Pakistan they can't? |
dollarman replied on Thursday, October 4, 2012 10:33 AM
you can carry USD10 K per adult via airplane ... for the remaining make dollar draft ...or make a direct transfer a/c to a/c .. there is no issue if both the bank a/c are in your name .... btw why are you thinking of moving you money out of pakistan??? you know of any inside news? is the paki govt again going to freeze our hard earned money like they did in 1998 ?? |
Overseas replied on Thursday, October 4, 2012 11:09 AM
My bank says there may be objections by authorities on huge transfer by direct account to account transfer. I could do it via Trunk Transfer 5-6k every 2-3 weeks later. May be it's easier according to them.
But I want the money there quickly. Still looking for a way.
No I don't have any inside news. I am investing in Dubai for my
business. |
Ahsan replied on Thursday, October 4, 2012 01:35 PM
Bullshit. Pakistan has no objection on incoming wires no matter how much the amount. Open a dollar account in any good bank in Pakistan and transfer less than 10K USD everytime and you will be charged around $40 for every wire transfer by the US bank. It reaches Paki Banks in 2 working days. If you do more than 10k in single time wire, you may be answerable to IRS for tax liability. |
Ahsan replied on Thursday, October 4, 2012 01:39 PM
I am sorry guys, I misunderstood the post. I thought he wanted to transfer into Pakistan rather than taking out of Pakistan. |
Onlooker replied on Thursday, October 4, 2012 04:09 PM
It is perfectly legal to transfer money out through your bank account. If your bank in Pakistan is SCB, they will give you all kinds of excuses. Most of the banks will tell you to transfer money in chunks smaller than $50K so that State bank doesnt ask questions. However there is no law which prohibits bank to bank transfers for individuals. |
another overseas replied on Thursday, October 4, 2012 05:00 PM
Live with an open mind....you can transfer any amount out to your a/c in uae.....just go to your bank and do it.....there are no restrictions or need to be afraid of anything |
Pak-European replied on Thursday, October 4, 2012 07:29 PM
Brother,
You can change with some one in uae or ec. |
Overseas replied on Friday, October 5, 2012 04:50 AM
Thanks Onlooker & another overseas,
I think it answers my question. |
