Home PakistanBig Boost for Gemstone Sector: Govt Approves National Policy for $450 Billion Industry

Big Boost for Gemstone Sector: Govt Approves National Policy for $450 Billion Industry

by urooj Fatima

Pakistan’s gemstone sector is set for a major boost after the government approved a new national policy aimed at unlocking the potential of the country’s valuable mineral and gemstone resources. The move is being viewed as an important step toward expanding the industry, increasing exports, and creating new economic opportunities.

The new national gemstone policy is expected to provide a clearer framework for the development of the sector and encourage greater investment. The government aims to improve mining, processing, certification, and marketing practices so that Pakistani gemstones can gain stronger recognition in international markets.

Pakistan is home to a wide range of precious and semi-precious stones, including emeralds, rubies, aquamarines, topaz, and other valuable gemstones. However, limited processing facilities, outdated mining techniques, and insufficient international marketing have historically restricted the industry’s growth.

Under the new policy, greater attention is expected to be given to modern mining methods, value addition, skilled workforce development, and export promotion. These measures could help Pakistan move beyond the export of raw stones and develop a stronger domestic gemstone processing and jewellery industry.

The global gemstone market is considered a major international industry valued at hundreds of billions of dollars, creating significant opportunities for countries with rich mineral resources.

The government hopes that the policy will attract local and foreign investment, generate employment, and increase foreign exchange earnings. Industry stakeholders also expect improved regulation and infrastructure to help bring more transparency and efficiency to the sector.

With the approval of the national policy, Pakistan’s gemstone industry could enter a new phase of growth and international expansion, potentially turning the country’s natural resources into a stronger contributor to economic development and exports.

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