[quote=“Brit_Chick, post:16, topic:196515”]
What’s the best way of transferring large sums of money (from sale of property/land) from pakistan to the UK?
My husband and I have bank accounts in the UK but not in pak. I know Western Union is an option but the transfer fees are going to be extortionate and I was wondering how others in similar situations bring money here.
***I really don’t want to have to bring back the cash in my handbag!/***quote]
The good thing about your frank-staement is that its from a pseudonym!
On a more serious note–things have been pretty uptight on the free movement of money outside Pakistan…after the credit-crunch.
No probs on bringing the money IN…
Issues on taking it OUT of the country! even if you have FCY account.
The easy way could be DEBIT WIZ CARD you may purchase by depositing money in any branch of UBL and obtain a DEBIT VISA CARD a.k.a WIZ CARD…and then you can use the money anywhere in the world…its just like a credit card with VISA stake…but here its your money which the bank takes in advance and tops up your WIZ card. If the card is utilized..it can be topped up again…
There is a limit on amount…not to exceed Rs.200k–which means that you, your husband or your sis or his bro…have to obtain the WIZ by going through KYC (Know Your Customer) and CNIC process. In case you do not have CNIC..I mean the BENEFICIARY does not have a CNIC (Computerised National ID Card…) even then its possible by virtue of using the CNIC of someone who could be listed as gifting you the money…but I believe the overseas based or foreign passport holder Pakistanis by naturalization..do have the CNIC under the different classification.
If you need more help–visit www.ubl.com.pk and be guided accordingly.