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These two countries are set to enter Schengen zone

09:52 PM | 17 Mar, 2023
These two countries are set to enter Schengen zone
Source: Photo by Lara Jameson

BRUSSELS - Two more countries are ready to have their schengen entry requests approved later this year after they have largely fulfilled the conditions. 

Romani and Bulgaria are the new entrants and authorities vow to have an important role in protecting the Area’s borders. The Romanian president, Klaus Iohannis, expressed earlier this week that he hopes the two countries will be let into the Schengen Area.

Both the countries are taking measures to protect the borders and expect a positive response on their entry into Schengen this year. The two states were kept out of Schengen zone last year primarily because Austria was opposing them joining the area citing illegal migration concerns; both the countries negate the claims. 

“Illegal migration is only artificially mixed into the Schengen issue. We are doing and will do everything we can to curb illegal migration. However, we expect that our right to be part of Schengen is recognised, and we hope to receive a positive vote this year,” the statement of Romanian president Iohannis reads.

Austria is still adamant on its opposition and remains firm on its stance against the expansion of the area with its chancellor Karl Nehammer, saying during a visit to Bulgaria that the country continues to have illegal migration concerns adding that Schengen Area can not be expanded right now.

“It is clear that our Schengen veto is not directed against a country, but that the Schengen area does not work and cannot be expanded at the moment,” Nehammer stated as reported by Schengenvisainfo.

Despite the strong opposition, Romania has vowed to stay determined in its efforts and to enter the zone. The Minister of Interior of Romania, Lucian Bode, recently reiterated Romania’s commitment and advocated that entry to Schengen Area will benefit both the parties.

The minister was continued to elaborate that the security of the EU external border, Schengen borders, and the security of EU citizens would enhance with the accession of Romania into the Schengen Area.

What is Schengen Zone

The zone was created in 1985 and allows people and goods to travel freely, usually without showing travel or customs documents. This creates oppurtunities for tourism related revenue for the countries and offers virtually no hurdle for travelers.

The following are part of the zone along with Croatia:

Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland.

As far as the visa requirements are concerned, the Schengen zone allows nationals of certain countries to enter the Schengen Area via air, land or sea without a visa for stays of up to 90 days within a 180-day period, while determining the criteria others must meet when making similar visits to Schengen states.

Nationals of EU countries are not only visa-exempt but are legally entitled to enter and reside within each other's borders visa free. This freedom of movement can, however, be limited in rare cases, as stipulated by EU treaties.

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Rupee remains stable against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee remained stable against US dollar in the open bank market on Friday.

Dollar Rate in Pakistan Today

On Friday, the US dollar was being quoted at 285.3 for buying and 288.15 for selling.

Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.

UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.

Today's currency exchange rates in Pakistan – 1 December 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.3 288.15
Euro EUR 311 314
UK Pound Sterling GBP 358.5 361.5
U.A.E Dirham AED 78 78.7
Saudi Riyal SAR 76.2 77
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 759.67 767.67
Canadian Dollar CAD 209 211
China Yuan CNY 39.59 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.63 36.98
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.7 935.7
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 211 213
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 325.9 328.4
Thai Bhat THB 8.23 8.38

Gold rates drop in Pakistan; Check today’s gold rates 1 December 2023

KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.

Gold Rates in Pakistan Today - 1 December 2023

On Thursday, the single tola of 24 Karat gold was available at Rs217,400, and the price for 10-gram gold reached Rs186,390.

Meanwhile, the 22 Karat Gold price stands at Rs199,282, 21 karat rate for each tola is Rs190,225 and 18k gold rate hovers around Rs163,050.

In international market, the price of precious metal hovers around $2,045 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,400 PKR 2,696
Karachi PKR 217,400 PKR 2,696
Islamabad PKR 217,400 PKR 2,696
Peshawar PKR 217,400 PKR 2,696
Quetta PKR 217,400 PKR 2,696
Sialkot PKR 217,400 PKR 2,696
Attock PKR 217,400 PKR 2,696
Gujranwala PKR 217,400 PKR 2,696
Jehlum PKR 217,400 PKR 2,696
Multan PKR 217,400 PKR 2,696
Bahawalpur PKR 217,400 PKR 2,696
Gujrat PKR 217,400 PKR 2,696
Nawabshah PKR 217,400 PKR 2,696
Chakwal PKR 217,400 PKR 2,696
Hyderabad PKR 217,400 PKR 2,696
Nowshehra PKR 217,400 PKR 2,696
Sargodha PKR 217,400 PKR 2,696
Faisalabad PKR 217,400 PKR 2,696
Mirpur PKR 217,400 PKR 2,696

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