FBR sets $5,000 limit per visit and $30,000 annually for travelers.

The new yearly maximum FBR currency limit restriction for travellers withdrawing foreign money would be in effect starting in 2023. Wednesday, the FBR released SRO2043(I)/2022 here by way of proposed modifications to the 2006 Baggage Rules.

According to the updated luggage regulations, anybody travelling overseas (apart from Afghanistan) is permitted to bring out of Pakistan US dollars or the equivalent in other foreign currencies, subject to the restrictions listed in Table ‘A’ of the regulations.

The maximum allowance per person per visit is $5,000 USD (or equivalent in other foreign currencies) for passengers who are 18 years of age and older (adults). yearly cap suggested at US$30,000 (or the equivalent in other foreign currencies).

The maximum allowance per person per visit is US$2,500 (or similar in other foreign currencies) for passenger who is under the age of 18.

The suggested yearly cap per individual in US dollars (or equivalent in other foreign currencies) is $15,000 US. Passengers arriving and departing: FBR establishes new guidelines for money declaration

FBR has Stablished Foreign Currency Cash Limitations

Additionally, the FBR has established foreign currency cash limitations for travellers going to Afghanistan. The maximum per-visit amount is US$1000 (or similar in other currencies). The yearly cap amount is US$6,000 per person (or its equivalent in other foreign currencies).

For a calendar year beginning in 2023, the yearly luggage limitations for outgoing passengers for the relevant countries will be as per Tables “A” and “B.”

The current yearly restrictions in place before the issuing of this notification shall, however, remain in effect for the calendar year 2022 until December 31, 2022.

Before or at the moment of departure, electronically in the WeBOC or pass track, manually at the airport, or both, any individual carrying foreign cash or any other forbidden or restricted item out of Pakistan must submit a declaration in the table as described in Appendix-C.

the arriving passenger shall additionally file a declaration in the Form as described in Appendix-C when in possession of any prohibited or restricted item, or foreign money exceeding US $10,000 or equivalent.

The declaration asked the passengers to declare if they were bringing any of the following items into Pakistan: prohibited or restricted goods such as weapons and ammunition, narcotics, psychoactive substances, satellite phones, etc.; gold and precious metals, jewellery, precious or semi-precious stones; foreign currency in US $ for outbound passengers to all countries; incoming passengers bringing into Pakistan an amount exceeding US $ 10,000 or equivalent; and any other items requiring declaration.

Karachi faces escalating crimes, claiming 100 lives in gun incidents.

As violent robbers have been plundering individuals and killing them at the smallest suggestion of resistance with impunity, the city’s citizens have grown fearful and uneasy as a result of the prevalent street crimes.

According to the figures, over 400 individuals have also been hurt by armed robbers and muggers since January 1 in addition to the fatalities.

Residents of Karachi are losing faith in the police because they believe that they have been powerless to stop the increase in street violence. Robbers have stolen money and other goods from thousands of inhabitants in addition to killing and injuring others, primarily young males.

Up to October 31st, there were almost 73,000 street criminal incidents. When compared to the first ten months of last year, muggings and other similar crimes have increased by 11% this year.

CPLC Stated Police Effectiveness

Even though the situation in the city has gotten worse, the police still insist that everything is under control. Data from the Citizens-Police Liaison Committee (CPLC) illustrates the police’s effectiveness in reducing street crime from January to October of this year.

While 65,901 street criminal occurrences were reported from January to October last year, more than 73,000 such incidents were reported during the same time this year.

There has been an uptick in automobile and motorbike thefts and snatching as well, with the officers of the Anti-Vehicle Lifting Cell on the alert.

Nobody, however, is aware of the origins, destinations, or methods used by auto and motorcycle thieves to transport their looted vehicles outside of the city.

The numbers that are now available show that in only one month, 5,042 motorcycle thefts, 215 car lift crimes, and 2,232 phone thefts from city residents were reported.

During the first ten months of this year, citizens were robbed of goods worth billions of rupees, yet the police seemed to focus only on paperwork.

Senior police officers have frequently asserted that conditions are generally improved, but no one in the city is safe from robberies, whether they are leaving their homes in the morning, coming home at night, or simply sitting in a public place.

Increased Street Crimes in Sindh

When addressing the media on November 11, Karachi police chief Javed Alam Odho stated that the city was experiencing an alarming rise in street crime due to flash floods that had affected several parts of the nation, particularly Sindh.

Talaash App Introduced by Sindh Police

The “Talaash” app was introduced by the Sindh police last month to combat the rise in street crime incidences in Karachi with the aid of contemporary technology and enhanced policing. Ghulam Nabi Memon, the head of the provincial police, introduced the app.

In his remarks, he stated that the Sindh police were improving their ability to assure crime prevention through the use of technology so that criminal elements, whether terrorists or street criminals, could not elude the police.

Ayla Majeed elect Vice President of ACCA, prominent financial advisor.

Ayla is the first South Asian woman to be chosen as the Vice President of ACCA in the organization’s 118-year history.

In this regard, Ayla stated that she would like to express her gratitude for being elected to the ACCA Global Council.

She thanked the ACCA for allowing her to continue her role on the council, which is working to increase the ACCA’s global reach, relevance, and recognition.

It is added by Ayla that talented members ran in this year’s ACCA elections, and she is overjoy that the election process is evolving along with the profession.

VP of ACCA’s Bio:

Ayla holds an MBA from Lahore University of Management Sciences (LUMS) as well as an LLB (Hons) from the University of London.

Ayla also attended Harvard Kennedy School, Oxford University, and Nanyang Technological University. She has over 20 years of transaction advisory, mergers and acquisitions, and corporate governance experience.

Ayla is an international speaker and a strong supporter of sustainability; So she contributes to important topics such as digital transformation, the Belt and Road Initiative, the Future of Work, the Future of Energy, and Sustainable Infrastructure.

Ayla serves on boards of directors in the energy, pharmaceutical, and non-profit sectors. She is also a member of the World Economic Forum’s Global Future Council on Energy and a WEF Young Global Leader.