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Work Permit base wage rises as New Zealand promulgates fresh laws

08:44 PM | 27 Feb, 2024
Work Permit base wage rises as New Zealand promulgates fresh laws

AUCKLAND - The authorities in New Zealand have announced to increase wage thresholds for most work visas effective February 28th.

Immigration New Zealand (INZ) has announced adjustments to wage thresholds, reflecting the latest median wage increase in New Zealand. The new threshold of NZD$31.61 per hour, based on the June 2023 median wage, applies to various visa categories, including the Skilled Migrant Category, Green List Straight to Residence, Work to Residence visas, and Parent Category residence class visa.

However, the Accredited Employer Work Visa (AEWV) remains unchanged at NZD$29.66 per hour, as INZ explores alternative methods for assessing skill levels.

"This pause allows time for decisions to be taken on alternatives to the median wage threshold to ensure it is attracting the workers New Zealand needs and filling genuine skill shortages," the INZ announcement read.

The government has said the pause also extends to AEWV-linked work visas including the Partner of a Worker Work Visa, variation of conditions for AEWVs, Legacy Essential Skills work visas, interim visas granted under the Skilled Migrant Category, and Partner of a Worker work visas and subsequent Migrant Exploitation Protection Visas.

As per the agency's statement, migrant workers earning below the temporarily suspended wage rate of $29.66 per hour can still accrue work experience for Skilled Residence, notwithstanding the increase in the wage threshold.

"Migrants who do not yet hold an AEWV and are looking to apply for one of the Skilled Residence pathways in the future should note that to meet eligibility they will be required to meet the higher threshold (NZD$31.61 an hour) rather than the lower one they need for an AEWV," the government said.

It is to be highlighted that the wage threshold for the Transport Sector Work to Residence Visa will also be increased in line with the new median wage, excluding bus drivers.

"The wage threshold is the lowest amount you can be paid to be granted the visa, unless your role has an exemption," the INZ statement read.

"We use wage thresholds as an indicator of the skill level of the job. The rates are updated regularly to keep up with inflation," it added.

Daily Pakistan Global Web Desk

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
 
76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86
 
1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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