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EU assures Turkey of resolving Schengen visa dispute

12:30 PM | 3 Nov, 2023
EU assures Turkey of resolving Schengen visa dispute

ANKARA - Turkey's Trade Minister, Ömer Bolat, announced that the European Union has provided assurances that it will streamline the issuance of Schengen visas.

The visa has been a longstanding concern for Ankara but the minister highlighted that four productive discussions with EU officials have been held since he assumed office in June.

During these negotiations, Ankara conveyed its visa-related concerns at the highest level and received a commitment to initiate the process of visa facilitation, Daily Sabah reported.

The issue of lengthy processing times and increased rejection rates of Turkish visa applications to Schengen countries has been a point of contention, with Ankara viewing it as political maneuvering and a pressure tactic.

Although Turkey's EU accession process has faced obstacles, economic and defense cooperation with the EU remains significant.

Turkey stands as the sole non-EU nation in a customs union with the bloc, a pact that took effect in 1995, primarily covering industrial goods and processed agricultural items.

There's been a persistent push from the European Commission, the EU's executive body, to amend this agreement, yet no considerable progress has been made.

The trade volume between the EU and Turkey has been rising constantly over the years. Turkey was granted the EU candidate status in 1999 but negotiations didn't begin until 2005, marking a notably protracted process compared to other candidates.

 All eyes are now on the forthcoming European Commission enlargement report, anticipated to showcase Turkey's positive strides in foreign policy, economic ties, and collaboration with the EU.

The political observers are eyeing a mid-December meeting in which EU member state leaders will gather in Brussels to determine the future of relations with Turkey, guided by a roadmap crafted by the commission.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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