BERLIN - The government of Germany has lunched a new Green Card to help workers migrate to the country and fill the labour market gaps.
To get the green card named 'Chancenkarte' or 'opportunity card' one must fulfill at least three out of four conditions listed below:
The authorities are finalizing the modalities of the Chancenkarte but this card is a points-based way for interested job seekers and would allow them to land in the country easily and then find the jobs there instead of applying from abroad; it is expected to be rolled out by the end of 2023.
The development comes as labour crisis in one of Europe's strongest economy has worsened and the country needs at least 4 hundred thousand immigrants each year to keep its firms running and maintain the exports.
The shortage of skilled individuals has risen to unprecedented levels as statistics reveal and in a latest survey, 90 percent of the companies have admitted that they are facing the heat of labour shortage which was affecting their efficiency as well.
The government of Germany believes that the new opportunity card would help plug the gaps in labour market and authorities would issue them to skilled professionals each year based on their eligibility and the number of workers needed.
A few days earlier, Germany unveiled a new immigration plan with an outlook to welcome more workers from abroad. The plan revealed on Wednesday aims to address key hurdles for migrants to Germany, particularly for those coming from outside the European Union.
Chancellor Olaf Scholz's government has been trying to address the concerns of industry and the draft reforms seem to be a bid in the same direction to avert the future labour crisis.
"Securing our skilled labour base is one of Germany's biggest economic tasks for the coming decades," Labour Minister Hubertus Heil said as the draft comes to the fore.
One of the most important aspects of the reform plan is that it could increase the number of workers from countries outside the EU by 60,000 people a year.
Moreover, three pathways for workers to enter the country have been outlined in the plan.
The first path requires a professional or university degree recognised in Germany, and an employment contract while the second requires a minimum of two years of experience working in a relevant sector, and a degree or vocational training. Interestingly IT specialists with relevant job experience will receive EU Blue Cards even if they do not hold university degree.
The new "opportunity card" stands out as it is for individuals who do not have a job offer but have the potential to find work soon. As per the draft plan, the opportunity card follows a points-based system that gauges one on the basis of qualifications, German language skills, career experience, connections to Germany (relatives already living in the country), and age.
New rules are aimed at making it easier for workers to bring their families to the country besides attaining permanent residency status.
The plan is inviting criticism as well as praise from different quarters as migration expert Herbert Bruecker told Reuters that it it is not far-reaching enough to do justice to the problem the country is facing.
The requirements of the opportunity card were too complex just for a temporary visa to look for work, he said.
Meanwhile Germany's Interior Minister Nancy Faeser seems confident and said if people bring professional experience or personal potential with them, we will make it possible for them to gain a foothold in our labour market; Labor Minister Hubertus Heil and Interior Minister Nancy Faeser had tabled the bill.
The cabinet has approved the plan with Finance Minister Christian Lindner branding it as 'laying the foundation for a new start' in migration policy.
"Anyone who can contribute to the country's economic success as a skilled worker is welcome," he opined.
Germany, one of the most successful economies of Europe is facing labour shortage and the number of job vacancies in 2022 was at a record high of close to 2 million.
The immigration plan comes alongside approval of an education law that entitles young people to paid off-the-job training. Under the plan, Germany's Federal Labour Agency will pay up to 67% of the net salary for the duration of the training in a much relief to the youngsters.
Daily Pakistan Global Web Desk
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on May 28, 2023 (Sunday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 307.9 | 311.15 |
Euro | EUR | 330 | 333 |
UK Pound Sterling | GBP | 381 | 384.5 |
U.A.E Dirham | AED | 84.6 | 85.4 |
Saudi Riyal | SAR | 82.6 | 83.4 |
Australian Dollar | AUD | 201 | 203 |
Bahrain Dinar | BHD | 762.21 | 770.20 |
Canadian Dollar | CAD | 225.5 | 227.5 |
China Yuan | CNY | 40.6 | 41 |
Danish Krone | DKK | 41.39 | 41.78 |
Hong Kong Dollar | HKD | 36.6 | 36.95 |
Indian Rupee | INR | 3.47 | 3.58 |
Japanese Yen | JPY | 2.15 | 2.22 |
Kuwaiti Dinar | KWD | 932.2 | 941.2 |
Malaysian Ringgit | MYR | 62.42 | 63.02 |
New Zealand Dollar | NZD | 176.98 | 178.98 |
Norwegians Krone | NOK | 26.14 | 26.44 |
Omani Riyal | OMR | 744.58 | 752.58 |
Qatari Riyal | QAR | 78.73 | 79.43 |
Singapore Dollar | SGD | 215 | 217 |
Swedish Korona | SEK | 26.73 | 27.03 |
Swiss Franc | CHF | 316.34 | 318.84 |
Thai Bhat | THB | 8.28 | 8.43 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 235,800 on Sunday.The price of 10 grams of 24k gold was recorded at Rs202,160.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
City | Gold | Silver |
Lahore | PKR 235,800 | PKR 2,490 |
Karachi | PKR 235,800 | PKR 2,490 |
Islamabad | PKR 235,800 | PKR 2,490 |
Peshawar | PKR 235,800 | PKR 2,490 |
Quetta | PKR 235,800 | PKR 2,490 |
Sialkot | PKR 235,800 | PKR 2,490 |
Attock | PKR 235,800 | PKR 2,490 |
Gujranwala | PKR 235,800 | PKR 2,490 |
Jehlum | PKR 235,800 | PKR 2,490 |
Multan | PKR 235,800 | PKR 2,490 |
Bahawalpur | PKR 235,800 | PKR 2,490 |
Gujrat | PKR 235,800 | PKR 2,490 |
Nawabshah | PKR 235,800 | PKR 2,490 |
Chakwal | PKR 235,800 | PKR 2,490 |
Hyderabad | PKR 235,800 | PKR 2,490 |
Nowshehra | PKR 235,800 | PKR 2,490 |
Sargodha | PKR 235,800 | PKR 2,490 |
Faisalabad | PKR 235,800 | PKR 2,490 |
Mirpur | PKR 235,800 | PKR 2,490 |
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