UAE set to launch new flexible freelance work permit to attract talent

Web Desk 07:16 PM | 15 Mar, 2023
UAE set to launch new flexible freelance work permit to attract talent

DUBAI - The United Arab Emirates is about to introduce a flexible work permit to permit people of all skills to do freelance jobs in the emirate.

The new permit is expected to be introduced by the third quarter of 2023 and would enable freelancers to work within the country or from any part of the world.

Revealing the details, Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, said besides high-skilled people, low-skilled people can have flexible work permits that allow them to work for themselves and work with others — as long they are within the umbrella of the law and have done the proper registration with the ministry.

Al Awar said on the sidelines of the ‘Remote’ forum held on Wednesday that new policies are being developed to support all kinds of flexible and remote work.

The announcement comes months after UAE announced a series of new visas and residency permits to help the emirates' economy and attract new talent and skilled workers from across the globe. 

"In the new policy, you work for yourself. It’s an adhoc job where you decide (what kind of work you wish to take up)," the minister explained.

"Some employers feel that this is more economical for them because they don’t have to take risks and decide if they want to continue with an employee or not. On the other hand, the employee is not tied to one type of organisation. This will enhance productivity in the labour market increasing people’s value in the workforce,” he elaborated as reported by Khaleej Times.

The minister was of the opinion that with such flexible work opportunities, as many as 24,000 jobs can be created by 2024.

“Two hundred people are working remotely in the ministry. These include men and women. We are looking at increasing the workforce by having 24,000 job opportunities soon. We want to support this trend. We want to attract a workforce and capital by having a supportive legal framework.

The United Arab Emirates is taking steps almost every day to help attract people from across the world either its in the form of Golden Visa or this new work permit. The emirates is also digitalizing the visa processing.

Recently, the UAE's passport was declared number 1 in the world according t the rankings released by Nomad Capitalist, jumping from an earlier position of 35.

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on May 29, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on May 29, 2023 (Monday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 307.9 311.15
Euro EUR 330 333
UK Pound Sterling GBP 381 384.5
U.A.E Dirham AED 84.6 85.4
Saudi Riyal SAR 82.6 83.4
Australian Dollar AUD 201 203
Bahrain Dinar BHD 762.21 770.21
Canadian Dollar CAD 225.5 227.5
China Yuan CNY 40.6 41
Danish Krone DKK 41.39 41.78
Hong Kong Dollar HKD 36.6 36.95
Indian Rupee INR 3.47 3.58
Japanese Yen JPY 2.15 2.20
Kuwaiti Dinar KWD 932.2 941.2
Malaysian Ringgit MYR 62.42 63.02
New Zealand Dollar NZD 176.98 178.98
Norwegians Krone NOK 26.14 26.44
Omani Riyal OMR 744.58 752.57
Qatari Riyal ‎QAR 78.73 79.43
Singapore Dollar SGD 215 217
Swedish Korona SEK 26.73 27.03
Swiss Franc CHF 316.34 318.84
Thai Bhat THB 8.28 8.43

Today's gold rates in Pakistan – May 29 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 235,800 on Monday. The price of 10 grams of 24k gold was recorded at Rs202,160.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 235,800 PKR 2,505
Karachi PKR 235,800 PKR 2,505
Islamabad PKR 235,800 PKR 2,505
Peshawar PKR 235,800 PKR 2,505
Quetta PKR 235,800 PKR 2,505
Sialkot PKR 235,800 PKR 2,505
Attock PKR 235,800 PKR 2,505
Gujranwala PKR 235,800 PKR 2,505
Jehlum PKR 235,800 PKR 2,505
Multan PKR 235,800 PKR 2,505
Bahawalpur PKR 235,800 PKR 2,505
Gujrat PKR 235,800 PKR 2,505
Nawabshah PKR 235,800 PKR 2,505
Chakwal PKR 235,800 PKR 2,505
Hyderabad PKR 235,800 PKR 2,505
Nowshehra PKR 235,800 PKR 2,505
Sargodha PKR 235,800 PKR 2,505
Faisalabad PKR 235,800 PKR 2,505
Mirpur PKR 235,800 PKR 2,505


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