The federal government has unveiled a comprehensive five-year plan to regulate Pakistan’s $450 billion gemstone sector. Covering rubies, emeralds, and other precious stones, the initiative will formalize trade, enhance compliance, and improve traceability, bringing billions of dollars into legal markets.
The plan aims to support over 610 exporters by providing access to international exhibitions, global markets, and electronic payment facilities. A central authority will coordinate federal and provincial efforts, oversee registrations, and ensure the safe return of unsold consignments.
Six dedicated working groups will focus on financial reforms, mining modernization, refunds, and streamlined business registration. Authorities estimate that improved compliance and processes could add more than $60 million in value, strengthening Pakistan’s position in the global gemstone trade.
Related stories:
