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(90962)
Wednesday, July 1, 2015 03:51 PM 

Salam & hope you all are enjoying blessing month of Ramadhan.

I would appreciate if any of the reader can advise the best, convenient, legal, and secure with competitive way to transfer Euro Currency about 110,000/- (Euro One hundred and Ten Thousands) from Pakistan to Europe.

I will have equal money in Pak Rupees in Pakistani Bank account that I need to transfer to Europe to buy property.

Please suggest any place in Pakistan where I can transfer money securely, legally & promptly.

Would there be any restriction from State Bank of Pakistan or any other government body to transfer this amount of money where source and purpose of this money could be declared with no issue?

Thanks.

GA replied on Wednesday, July 1, 2015 09:05 PM 

salam.
i did transfer in 2010. at that time i simply opened a euro account in bank alfalah and transferred to deutsche bank germany. their charges were very nominal.
i remember at that time i did some for working for that.. and it was the cheapest way

Adnan replied on Saturday, July 4, 2015 11:30 AM 

go to links exchange on the main boulevard lahore, give them a cheque in pak rupees, your passport and residence permit copy, your account details in the country of your residence, and you will get the money in your desired currency within 5 working days. No need to transport cash or buy dollars. this is legal and safe, slightly more expensive than hundi but legal and secure. Bank to bank is lots of hassle, first you open a dollar account, then you take cash and buy dollars, deposit, then bank requires a lot of documentation for money transfer. through exchange companies, you do not need to show source of funds because you are giving them a cheque. There aparently is no limit, I transfered 5 million rupees to Bahrain in April in two installments just to be on the safe side, I am referring to Links Exchange because I have used them and I am happy with them, you can consider others if you want. Just make sure that they are linked with Western Union and accept cheques, so you do not have to risk carrying cash. good luck
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