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US Immigration Services confirms reaching cap for H1B visa

Web Desk 09:42 PM | 28 Mar, 2023
US Immigration Services confirms reaching cap for H1B visa
Source: https://thebizupdate.com/us-changes-visa-fees-and-validity-for-pakistan/

WASHINGTON - US Citizenship and Immigration Services (USCIS) has announced that the H-1B visa cap for the financial year 2024, beginning October 1, has been reached and all successful applicants have been informed accordingly.

In a statement on Monday, the agency stated that it had received sufficient electronic registrations during the initial period to meet the fiscal year 2024 H-1B numerical allocations (H-1B cap), including the advanced degree exemption named the master's cap.

"We have randomly selected from the registrations properly submitted to reach the cap and have notified all prospective petitioners with selected registrations that they are eligible to file an H-1B cap-subject petition for the beneficiary named in the applicable selected registration," the agency stated.

The H-1B visa is a much sought after non-immigrant visa that permits US companies to hire foreign workers in occupations that need theoretical or technical expertise and tech giants in the country utilize it to hire employees from abroad and especially from countries like China and India.

The US Congress had set the current annual regular cap for the H-1B category at 65,000 of which 6,800 visas are dedicated to US-Chile and U.S.-Singapore free trade agreements. Unused visas in this group are made available for H-1B use for the next fiscal year's regular H-1B cap.

As of now, H-1B cap-subject petitions for the financial year 2024, including those petitions eligible for the advanced degree exemption, can be submitted with the US Citizenship and Immigration Services (USCIS) from April 1, 2023, if they based on a valid, selected registration.

Only petitioners with selected registrations may file H-1B cap-subject petitions for 2024 fiscal and only for the beneficiary named in the applicable selected registration notice, the USCIS said.

What is H-1 B Visa

As explained earlier, the H-1B program allows companies and other employers in the United States to temporarily hire foreign workers in occupations that require the theoretical and practical application of a body of highly specialized knowledge and a bachelor’s degree or higher in the specific specialty, or its equivalent.

H-1B specialty occupations may include fields such as architecture, engineering, mathematics, physical sciences, social sciences, medicine and health, education, business specialties, accounting, law, theology, and the arts. 

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Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on June 5, 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 June 5, 2023 (Monday).

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

Currency Symbol Buying Selling
US Dollar ‎USD 305 308
Euro EUR 322 325
UK Pound Sterling GBP 377 381
U.A.E Dirham AED 82 83
Saudi Riyal SAR 80 81.2
Australian Dollar AUD 202 204
Bahrain Dinar BHD 758.24 766.24
Canadian Dollar CAD 228 230
China Yuan CNY 40.18 40.58
Danish Krone DKK 41.16 41.56
Hong Kong Dollar HKD 36.39 36.74
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2 2.08
Kuwaiti Dinar KWD 927 936
Malaysian Ringgit MYR 61.94 62.54
New Zealand Dollar NZD 173.16 175.16
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 740.5 748.5
Qatari Riyal ‎QAR 78.37 79.07
Singapore Dollar SGD 220 222
Swedish Korona SEK 26.36 26.66
Swiss Franc CHF 314.07 316.57
Thai Bhat THB 8.21 8.36

Today's gold rates in Pakistan | gold price in Pakistan – June 6, 2023

Gold Rate In Pakistan Today:

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 228,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs197,190.   

Likewise, 10 grams of 22k gold were being traded for Rs180,756 while a single tola of 22-karat gold was being sold at Rs 210,832.

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.

Gold Price in Pakistan: Lahore, Karachi, Islamabad

City Gold Silver
Lahore PKR 228,900 PKR 2125
Karachi PKR 228,900 PKR 2125
Islamabad PKR 228,900 PKR 2125
Peshawar PKR 228,900 PKR 2125
Quetta PKR 228,900 PKR 2125
Sialkot PKR 228,900 PKR 2125
Attock PKR 228,900 PKR 2125
Gujranwala PKR 228,900 PKR 2125
Jehlum PKR 228,900 PKR 2125
Multan PKR 228,900 PKR 2125
Bahawalpur PKR 228,900 PKR 2125
Gujrat PKR 228,900 PKR 2125
Nawabshah PKR 228,900 PKR 2125
Chakwal PKR 228,900 PKR 2125
Hyderabad PKR 228,900 PKR 2125
Nowshehra PKR 228,900 PKR 2125
Sargodha PKR 228,900 PKR 2125
Faisalabad PKR 228,900 PKR 2125
Mirpur PKR 228,900 PKR 2125

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