I was a student in UK last four years. Now I moved to Pakistan permanently. I saved a lot of money there in my UK bank account. Now I want to keep that money in pounds, therefore I am thinking to open foreign currency account in Pakistan. So that I could transfer my UK account money to Pak account in the same currency.
The question is I don't want to lose a lot of it. Someone says, that amount will be remitted first in Pak currency and then will be converted in pounds (exchange rates) and after deduction fee of bank charges and centre bank of wire to wire transaction it will be added in your foreign currency account and you will have a loss. Is that true? I am travelling to the UK next month for two weeks, I would not be able to bring a lot of cash with me (it is not even safe to carry a lot of cash in Pakistan, because someone can rob you here).
Is there any good advice for me? How that money will be transferred from Pakistan without having a big loss?