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Expats in Kuwait can now transfer work permit to private sector

10:00 PM | 11 Mar, 2023
Expats in Kuwait can now transfer work permit to private sector
Source: Photo by Tayssir Kadamany

SALMIYA - The authorities in Kuwait have now revised visa rules for expats aged over 60 years to transfer their residency to the private sector. 

The employment regulator of the country, Public Manpower Authority (PAM) has decided to revise visa rules for expats aged over 60 years old. There are some conditions for the process including payment of an additional annual fee of KD (Kuwaiti Dinar) 250. 

The change effectively means that that foreign residents over 60 years of age will be allowed to live in Kuwait by working in the private sector and will facilitate those who had been part of the government, state-owned departments, dependents of a resident, or investors or partners in commercial or industrial sectors.

Besides, those with self-sponsored residency can also avail the opportunity as part of fresh changes. The authority has clarified that the workers must be insured with an irrevocable comprehensive health insurance policy issued by one of the companies qualified and approved to issue the insurance policy by the Insurance Regulatory Unit. Earlier, there was a blanket ban on residency renewal in Kuwait but the authorities have now liberalized their approach. 

Like all other countries, Kuwait is also in the process to attract more foreign talent and as part of this, it is mulling long-term residency visas for foreign residents and investors for up to 15 years.

The country welcomes hundreds of workers every year from across the globe including Pakistan who travel to the country due to multiple reasons including the currency conversion rate. As of March this year, One Kuwaiti Dinar equals Rs 909 Pakistani rupees.

Kuwait is a country of the Arabian Peninsula located in the northwestern corner of the Persian Gulf with a total area of 17,820 km² and a total coastline of 499 km. The country boasts a population slightly over 4.2 million.  

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 24 April 2024 Forex Rates

Pakistani currency remains unchanged against US Dollar and other currencies on April 22, 2024 Monday in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.2 for buying and 296.2 for selling while British Pound hovers at 339.5 for buying, and 343 for selling.

UAE Dirham AED was at 75 and Saudi Riyal's new rate was at 73.25. 

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

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.2 296.2
UK Pound Sterling GBP 339.5 343
U.A.E Dirham AED 75 75.8
Saudi Riyal SAR 73.25 73.95
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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