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Germany to issue long term visas for Pakistan but for this community

08:35 PM | 21 May, 2024
Germany to issue long term visas for Pakistan but for this community

KARACHI - The government of Germany has confirmed prioritizing visas for the business community of Pakistan in a major relief for traders.

The confirmation was given by the German Consul General in Karachi, Rüdiger Lotz who assured the president of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) of support in this regard.

During his visit to the FPCCI head office in Karachi, Lotz assured the FPCCI president, Atif Ikram Shaikh that business visas will be prioritized for Pakistani Business community.

During a high-level interactive session with the German travel business community, FPCCI Senior Vice President Saqib Fayyaz Magu highlighted the key areas of cooperation, including women empowerment, startups, research and development, vocational training, and business tourism.

On the occasion, Fayyaz Magu expressed pleasure at the appointment of Mahin Khan, a senior FPCCI member, as the German Consulate’s Focal Person on Trade and Investment for the Sindh and Balochistan region.

The German Consul General admitted that Pakistan was an important market for German companies, which have had a presence in Pakistan and the region for over a century.

The official also revealed that the number of Pakistani applicants for German visas has doubled in recent years.

It bears mentioning that in recent months, the government of Germany has eased visa restrictions for many countries and has also made immigration much easier owing to multiple reasons including labour crisis.

A key aspect of the changes is the introduction of Chancenkarte or Oppurtunity Card which is a points-based route for interested job seekers and would allow foreigners to land in the country easily and then find the jobs there instead of applying from abroad. 

The development comes as labour crisis in one of Europe's strongest economy has worsened and the country needs at least 4 hundred thousand immigrants each year to keep its firms running and maintain the exports.

Germany, one of the most successful economies of Europe is facing labour shortage and the number of job vacancies in 2022 was at a record high of close to 2 million.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - PKR to US Dollar, Euro, Pound, Dirham, Riyal - 21 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 21, 2024 (Friday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.6 for buying and 280.75 for selling.

Euro's buying rate stands at 297 and selling rate is 299.5 while British Pound rate is 350.5 for buying, and 354 for selling.

UAE Dirham AED was at 74.80 and Saudi Riyal at 72.75.

Forex Rates

Currency Symbol Buying Selling
US Dollar USD 277.6 280.75
Euro EUR 297  299.5 
UK Pound Sterling GBP 350.5  354 
U.A.E Dirham AED 74.80  75.6
Saudi Riyal SAR 72.75 73.5
Australian Dollar AUD 181.2 183
Bahrain Dinar BHD 740.91 749.18
Canadian Dollar CAD 203.5 205.5
China Yuan CNY 38.4 38.8
Danish Krone DKK 40.11 40.51
Hong Kong Dollar HKD 35.68 36.03
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.9 1.98
Kuwaiti Dinar KWD 907.62 916.62
Malaysian Ringgit MYR 59.07 59.67
New Zealand Dollar NZD 170.98 172.98
Norwegians Krone NOK 28.83 29.13
Omani Riyal OMR 723.62 731.62
Qatari Riyal QAR 76.53 77.23
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.68 26.98
Swiss Franc CHF 315.08 317.58
Thai Bhat THB 7.59 7.74

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