Sri Lanka introduces Digital Nomad Visa: Details inside

10:27 PM | 4 Sep, 2023
Sri Lanka introduces Digital Nomad Visa: Details inside

COLOMBO - Known for being a tourist hotspot, Sri Lanka has also approved the grant of a Digital Nomad Visa as freelancers across the world search for options to relocate.

According to the details, under the Digital Nomad Visa applicants are required to substantiate a minimum monthly income of $ 2,000, which must be channeled through the Sri Lankan banking system.

Moreover, this new visa can be renewed annually, subject to certification of the requisite funds. The authorities have set the application fee for the visa at $ 500, and it covers the visa holder's spouse and dependents as well.

The visa was proposed by Minister of Public Security Tiran Alles and comes at a time when countries across the world are introducing such visas to attract global talent.

Many countries in the region are now offering such visas including the ones in Europe. For instance, Germany offers a freelance visa tailored for self-employed individuals.

Other countries with the same visa include Malaysia, New Zealand, Norway, Portugal, Thailand, the United Arab Emirates, Taiwan, Seychelles, Romania, Saint Lucia, etc. 

By introducing such visa programs, the country is eyeing itself as an attractive destination for online workers around the globe.

It is to be mentioned that many countries offering digital nomad visas will ask for proof of your solvency by insisting you have a fixed amount of money in the bank already, while others might want proof of a contract or regular freelance work over a certain period of time.

In this regard, one of the biggest factors to overcome can be the need to earn a minimum salary, which can be a deciding factor for you even if you don't like a specific country. 

To overcome this hurdle of pick and choose, professional nomadic couple Goats on the Road has created a Digital Nomad Visa Calculator which makes it easier for you to make the decision. The calculator can be accessed here.

The calculator gives you a quick and easy answer to whether you earn enough to meet the requirements of any given country. This calculator doesn’t guarantee acceptance of your visa but it will give you a quick and easy answer as to whether you’re even eligible for any specific country of your choice or not.

The aspirants just need to enter their salary or the dollar equivalent thereof, and they will be presented with a list of countries they are eligible for, with links to get any other information regarding those countries.

Apparently, Portugal, Germany and Colombia demand the lowest earning requirements but the Caribbean proves to be the most demanding in earning requirements as the Cayman Islands demand over $8,000 a month.


Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 9 Dec 2023

Pakistani rupee remains largely stable against the US dollar, and other currencies in the open market on Saturday.

Dollar Rate in Pakistan Today

On Saturday, the US dollar was being quoted at 283.4 for buying and 285.95 for selling.

Euro comes down to 307 for buying and 310 for selling. British Pound rate remains unchanged at 358.5 for buying, and 362 for selling.

UAE Dirham AED witnessed slight drop and new rate stands at 77.2 whereas the Saudi Riyal remained stable at 76.

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar USD 283.4 285.95
Euro EUR 307 307
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.2 78
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 755.82 763.82
Canadian Dollar CAD 209 211
China Yuan CNY 39.82 40.22
Danish Krone DKK 41.14 41.54
Hong Kong Dollar HKD 36.37 36.72
Japanese Yen JPY 3.41 3.52
Kuwaiti Dinar KWD 922.14 931.14
Malaysian Ringgit MYR 60.82 61.42
New Zealand Dollar NZD 175.33 177.33
Norwegians Krone NOK 26.12 26.42
Omani Riyal OMR 738.71 746.71
Qatari Riyal QAR 78.07 78.77
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.32 27.62
Swiss Franc CHF 324.5 327
Thai Bhat THB 8.08 8.23

Gold remains under pressure in Pakistan; Check today gold rates here

Gold prices witnessed negative trend in local markets in line with the trend in the international market.

Gold Rates in Pakistan Today - 9 December 2023

On Saturday, the price of a single tola of 24-karat gold stands at Rs217,600, and 10 grams of 24k gold costs Rs186,560.

Single tola of 22 Karat Gold price costs Rs199,465, 21 karat rate per tola costs Rs190, 400 and 18k gold rate is Rs163,200.00 for each tola.

In the global market, gold prices hovers around $2,004 per ounce, after drop of $23.35 on Saturday.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,600 PKR 2,530
Karachi PKR 217,600 PKR 2,530
Islamabad PKR 217,600 PKR 2,530
Peshawar PKR 217,600 PKR 2,530
Quetta PKR 217,600 PKR 2,530
Sialkot PKR 217,600 PKR 2,530
Attock PKR 217,600 PKR 2,530
Gujranwala PKR 217,600 PKR 2,530
Jehlum PKR 217,600 PKR 2,530
Multan PKR 217,600 PKR 2,530
Bahawalpur PKR 217,600 PKR 2,530
Gujrat PKR 217,600 PKR 2,530
Nawabshah PKR 217,600 PKR 2,530
Chakwal PKR 217,600 PKR 2,530
Hyderabad PKR 217,600 PKR 2,530
Nowshehra PKR 217,600 PKR 2,530
Sargodha PKR 217,600 PKR 2,530
Faisalabad PKR 217,600 PKR 2,530
Mirpur PKR 217,600 PKR 2,530


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