PM Approves National Policy Framework to Unlock $450 Billion Gemstone Potential

PM approves policy framework to reform gemstones sector

Prime Minister Shehbaz Sharif on Friday gave in-principle approval to the National Policy Framework to reform the gemstones sector, align it with international standards, and provide a conducive environment for foreign investment. The prime minister, chairing a high-level meeting here on the country’s gemstone reserves, sectoral reforms, export enhancement, and implementation of modern technology, directed strict adherence to the timeline for ac…

PM approves national policy framework to unlock $450 billion gemstone potential

Prime Minister Muhammad Shehbaz Sharif has granted principled approval to a comprehensive National Policy Framework aimed at revolutionising Pakistan’s gemstone sector and aligning it with international market requirements. Presiding over a high-level review meeting on Friday, the prime minister expressed concern that despite possessing reserves worth an estimated $450 billion, Pakistan’s annual gemstone exports stand at a mere $5.8 million. He …