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MOUNTAINEERING RULES & REGULATIONS |
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| TERMS AND CONDITIONS FOR GRANT OF PERMISSION TO MOUNTAINEERING EXPEDITION PARTIES IN PAKISTAN |
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Foreign Exchange
- A party shall invariably encash Foreign Exchange from an authorized bank/money changer. For this purpose a certificate about the amount of Foreign Exchange surrendered shall be obtained from the said bank/authorized money changer.
- Exchange booths of banks authorized to deal in Foreign Exchange at the exit points are authorized to reconvert up to Rs. 500/- per person out of the unspent balance of Pak. Rupees obtained by encasement of foreign currency. For re-conversion of the amount exceeding the said limit an office of the State Bank of Pakistan shall be approached through a bank authorized to deal in foreign exchange.
- A party shall convert is foreign currency into Pak. Rupee at Rawalpindi/Islamabad which shall then be taken to Gilgit/Skardu and Chitral. A party may, however, deposit the surplus/reserve amount in a bank at the above-mentioned places, before leaving for mountains.
- Encashment of foreign Exchange from anybody other than a bank or an authorized money changer is an offence under the Foreign Exchange Regulation Act, 1947.
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