Pakistan to Mine $450 Billion in Gemstones, PM Shehbaz Approves a landmark plan to boost the country’s gemstone sector. The prime minister emphasized that tapping into Pakistan’s gemstone reserves can transform exports and generate massive foreign exchange inflows. Currently, annual gemstone exports remain around $5.8 million, but the government aims to increase them to $1 billion in the next five years.
Under this initiative, PM Shehbaz Sharif’s gemstone plan includes establishing Centres of Excellence for gemstones to train experts. International-standard testing labs will also be set up, along with a formal certification and warranty regime. These measures will shift the gemstone trade from illegal smuggling channels to a documented, legal framework, ensuring better economic development.
The National Policy Framework mandates geological surveys to map the location, quality, and value of Pakistan’s gemstone deposits. Key gemstones include emeralds, rubies, peridot, topaz, and aquamarine. The Ministry of Finance has released necessary funds to support mining activities and related infrastructure. This gemstone mining in Pakistan is expected to attract investors and create jobs, strengthening the local economy.
Experts believe that the $450 billion gemstone sector can position Pakistan as a major global exporter. By improving gemstone exports, Pakistan can also enhance trade relations worldwide. The government plans continuous monitoring and reporting to ensure sustainable practices and prevent environmental harm. With strategic implementation, this mining initiative will not only increase revenues but also improve skill development in the gemstone industry.
In conclusion, Pakistan to Mine $450 Billion in Gemstones, PM Shehbaz Approves, is a game-changer. The combined focus on training, legal trade, and infrastructure can transform the gemstone sector into a profitable and globally competitive market.
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Pakistan to Mine $450 Billion in Gemstones, PM Shehbaz Approves Plan to Boost Gemstone Exports and Strengthen Economic Development.
