LIMA - South American country, Peru has joined over 50 other nations by introducing the much sought-after visa known as the "Digital Nomad-Residence" visa.
The visa was introduced through Legislative Decree No. 1582 with an aim to allow individuals to reside and work remotely in Peru for a duration of up to one year, a significant alteration to the country's immigration regulations.
At present, under this fresh visa category, digital nomads in Peru encounter limitations. For instance, they are not allowed to earn salaries from local work or Peruvian companies and must exclusively work remotely for enterprises located outside of Peru.
Though the decree stands implemented, details of how the new immigration will work have yet to be defined by the immigration authorities.
The National Superintendence of Migration (MIGRACIONES) is expected to issue a clarification in days to come about the modalities of the visa.
Currently, the application process for obtaining a visa has not been announced. Moreover, the eligibility criteria i.e. minimum required salary, and financial requirements for securing the visa have not been announced by the authorities.
According to the scant details, the one-year status may be extended after the initial 365 days have ended.
A digital nomad visa is a specialized permit offered by select countries that enables individuals to reside and work remotely within their territory for a specific duration, often extending from a few months to a year. Geared towards professionals, freelancers, or individuals working in remote or digital-based roles, this visa allows them to maintain their jobs while exploring different locations, experiencing diverse cultures, and embracing a flexible work lifestyle, unbound by traditional office settings or geographic limitations.
Several countries, including Estonia, Germany, Portugal, Barbados, and Croatia, offer digital nomad visas. Additionally, nations like Costa Rica, Mexico, Georgia, and the Czech Republic have introduced similar visas, welcoming remote workers and freelancers to live and work within their borders for specific durations, usually up to a year.
Pakistani rupee continues recovering losses against US dollar and other currencies amid positive economic cues.
On Tuesday, the US dollar moved down and was being quoted at 283.6 for buying and 286.65 for selling.
Euro slides down to 309 for buying and 312 for selling. British Pound rate inches up to 360 for buying, and 363.5 for selling.
UAE Dirham AED dropped to 77.50 whereas the Saudi Riyal rate stands at 75.90.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||360||363.5|
|Hong Kong Dollar||HKD||36.46||36.81|
|New Zealand Dollar||NZD||175.89||177.89|
The gold remained under pressure in Pakistan amid a huge drop in price of the precious metal despite in the international market.
On Tuesday, the price of a single tola of 24-karat gold stands at Rs218,500 and 10 grams of 24k gold costs Rs187,330.
Single tola of 24 karat is Rs218,500, 22 Karat Gold costs Rs200,290, rate of 21 karat gold stands at Rs191,190 whereas 18k gold rate is Rs163,875.00 for each tola.
In the global market, gold saw huge drop in price, coming down to $2037 per ounce after drop of $81.79.
|Lahore||PKR 218,500||PKR 2,720|
|Karachi||PKR 218,500||PKR 2,720|
|Islamabad||PKR 218,500||PKR 2,720|
|Peshawar||PKR 218,500||PKR 2,720|
|Quetta||PKR 218,500||PKR 2,720|
|Sialkot||PKR 218,500||PKR 2,720|
|Attock||PKR 218,500||PKR 2,720|
|Gujranwala||PKR 218,500||PKR 2,720|
|Jehlum||PKR 218,500||PKR 2,720|
|Multan||PKR 218,500||PKR 2,720|
|Bahawalpur||PKR 218,500||PKR 2,720|
|Gujrat||PKR 218,500||PKR 2,720|
|Nawabshah||PKR 218,500||PKR 2,720|
|Chakwal||PKR 218,500||PKR 2,720|
|Hyderabad||PKR 218,500||PKR 2,720|
|Nowshehra||PKR 218,500||PKR 2,720|
|Sargodha||PKR 218,500||PKR 2,720|
|Faisalabad||PKR 218,500||PKR 2,720|
|Mirpur||PKR 218,500||PKR 2,720|