BERLIN - In a move aimed at strengthening ties between the two countries, Germany has announced to grant Schengen visas valid for five years to Kuwaiti citizens.
Ambassador of Germany Hans-Christian Freiherr von Reibnitz confirmed the development and said this decision was made ten days ago and is currently in the phase of implementation.
The decision would also alleviate pressure on visa application centers and provide Kuwaiti travelers with the flexibility to visit Germany and other European nations at their convenience.
'Any Kuwaiti citizen can now obtain a Schengen visa for five years as long as his passport is valid,' the ambassador said.
The Schengen visa is a special travel permit that allows individuals to travel freely within the Schengen Area, which comprises 26 European countries that have mutually agreed to abolish internal border controls, effectively creating a single territory for travel purposes. This visa allows travelers to move between Schengen member states without the need for additional visas or passport checks at each border.
One of the key benefits of the Schengen visa is its convenience for tourists and business travelers as it grants access to a diverse range of cultures, landscapes, and experiences across Europe, making it an attractive option for those seeking to explore multiple countries during a single trip. Additionally, it simplifies travel logistics, as visitors can move freely between member states without undergoing time-consuming and repetitive border formalities.
Moreover, the Schengen visa encourages economic and cultural exchange among member countries. It fosters tourism, business collaborations, and cultural interactions, boosting economic growth and understanding between nations. For businesses, it streamlines operations and facilitates cross-border partnerships, promoting a more interconnected European economy.
The Schengen visa is a powerful instrument in fostering unity, cooperation, and economic prosperity within Europe while offering travelers an efficient and enriching way to explore the continent.
The visa is now serving as a reason of bonding between EU and non EU states like Kuwait as it is expected to increase poeple to poeple contact.
Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.
On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.
Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.41||36.76|
|New Zealand Dollar||NZD||174.54||176.54|
Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.
On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130.
Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.
In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.
Today Gold Price in Pakistan (4 September 2023)
|Lahore||PKR 217,100||PKR 2,565|
|Karachi||PKR 217,100||PKR 2,565|
|Islamabad||PKR 217,100||PKR 2,565|
|Peshawar||PKR 217,100||PKR 2,565|
|Quetta||PKR 217,100||PKR 2,565|
|Sialkot||PKR 217,100||PKR 2,565|
|Attock||PKR 217,100||PKR 2,565|
|Gujranwala||PKR 217,100||PKR 2,565|
|Jehlum||PKR 217,100||PKR 2,565|
|Multan||PKR 217,100||PKR 2,565|
|Bahawalpur||PKR 217,100||PKR 2,565|
|Gujrat||PKR 217,100||PKR 2,565|
|Nawabshah||PKR 217,100||PKR 2,565|
|Chakwal||PKR 217,100||PKR 2,565|
|Hyderabad||PKR 217,100||PKR 2,565|
|Nowshehra||PKR 217,100||PKR 2,565|
|Sargodha||PKR 217,100||PKR 2,565|
|Faisalabad||PKR 217,100||PKR 2,565|
|Mirpur||PKR 217,100||PKR 2,565|