SBP increases forex quota to $50 for India

KARACHI: The central bank has enhanced the exchange travel quota for the Pakistani visitors to India to $50 per day or $2100 in a year on a passport. Earlier, the visitors to India were allowed only $25 of the whole trip.

In a circular, the State Bank of Pakistan (SBP) said, “ The SBP has with immediate effect enhanced the Private Travel Exchange Quota (PTEQ) to India to $50 per person per day subject to a maximum of $2100 during a calendar year.

This decision has been taken in order to facilitate the passengers travelling from Pakistan to India. Pakistanis travelling to India will now receive the same amount of exchange quota from the banks (Authorized Dealers), which is applicable to the rest of the countries of the world. The State Bank’s decision will also help the persons travelling from Muzaffarabad to Srinager through bus service. staff report

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