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This country is offering 5,000 free passports: Check if you are eligible

05:43 PM | 8 Apr, 2024
This country is offering 5,000 free passports: Check if you are eligible

SAN SALVADOR - The authorities in El Salvador have announced to offer 5,000 “free passports” to highly skilled workers from abroad.

President Nayib Bukele announced the move on Saturday in his fresh attempt to spur the country’s economy with foreign investment.

In a statement posted to social media, the president said that scientists, engineers, doctors, artists, and philosophers will be granted “full citizen status” including voting rights.

It has also been announced that El Salvador will help relocate skilled workers by eliminating taxes and tariffs on “moving families and assets” such as equipment, software, and intellectual property.

The president said that the skilled workers' contributions would have a huge impact on the future of the country, adding that the current offer represents less than 0.1 percent of the country's population and granting them full citizen status, including voting rights, poses no issue; the worth of the initiative is $5 billion.

It is to be highlighted that the Central American country has introduced sweeping reforms to the surprise of many in the recent past.

For instance, El Salvador adopted Bitcoin as a legal tender alongside the US dollar in 2021 though the International Monetary Fund has discouraged such a move. Back in 2023, the lawmakers approved a migration law aimed at expediting citizenship to foreigners who support social and economic development programs by donating Bitcoin.

For the information of readers, it is to be highlighted that the passport of El Salvador stood at the 38th spot on the Henley Passport Index rankings announced in January this year. The passport offers its holders visa-free access to 136 destinations across the world. 
 

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 24 May 2024

Pakistani currency rates against US Dollar and other currencies on May 24, 2024 (Friday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 280.15 for selling.

Euro moved down to 297 for buying and 300 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal came down to 73.4.

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

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar ‎USD 277.15 280.15
Euro EUR 297 300
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.2 75.85
Saudi Riyal SAR 73.4 74.15
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.75 748.75
Canadian Dollar CAD 203 205
China Yuan CNY 38.47 38.87
Danish Krone DKK 40.52 40.92
Hong Kong Dollar HKD 35.68 36.03
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 907.57 916.57
Malaysian Ringgit MYR 59.39 59.99
New Zealand Dollar NZD 170.03 172.03
Norwegians Krone NOK 25.92 26.22
Omani Riyal OMR 723.64 731.64
Qatari Riyal ‎QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 26.02 26.32
Swiss Franc CHF 304.75 307.25
Thai Bhat THB 7.67 7.82

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