GeoG
Chief Minister (5k+ posts)
You can legally take funds out of Pakistan
but try to keep under 50 K Dollars otherwise State Bank may ask questions
Under 50K Dollars or equivalent are not reported to them
If you have Dollar account then they will transfer Dollars but if you open Sterling account you can transfer Sterling too
This is probably the best time to buy Sterling as it is at its lowest level for 35 years.
But banks would not do that you have Dollar account and they make Sterling payment unless you really know them
I have made Euro payments from my Dollar account but you have to agree a rate with banks treasury branch
and normally banks perfer not make this hassle as they have a lot of paperwork to do for no charge to you.
Some idiot wrote above that Hundi money is delivered in cash, its not true
you pay cash in Pakistan and you will receive TT in your account from Dubai.
however if your purpose of transfer is to purchase some asset then you have to establish your relation with a trading company in Dubai which transferred the money, that may not be straight forward.
but try to keep under 50 K Dollars otherwise State Bank may ask questions
Under 50K Dollars or equivalent are not reported to them
If you have Dollar account then they will transfer Dollars but if you open Sterling account you can transfer Sterling too
This is probably the best time to buy Sterling as it is at its lowest level for 35 years.
But banks would not do that you have Dollar account and they make Sterling payment unless you really know them
I have made Euro payments from my Dollar account but you have to agree a rate with banks treasury branch
and normally banks perfer not make this hassle as they have a lot of paperwork to do for no charge to you.
Some idiot wrote above that Hundi money is delivered in cash, its not true
you pay cash in Pakistan and you will receive TT in your account from Dubai.
however if your purpose of transfer is to purchase some asset then you have to establish your relation with a trading company in Dubai which transferred the money, that may not be straight forward.