RAWALPINDI: Speakers have said the gems and jewellery sector could play a vital role in enhancing exports, contribute to earning of foreign exchange and provide employment to the youth.

They were speaking at the ‘International Workshop for Technical Expert Service Programme on Gems and Jewellery’ held at the Rawalpindi Chamber of Commerce and Industry (RCCI).

The speakers said there were many opportunities in non-conventional sectors like gemstones and jewellery, and our industry had huge potential for value addition and profitability, but due to lack of interest, it was far below our regional competitors, who were engaged in mining, cutting, polishing and trading of gemstones.

RCCI President Saqib Rafiq underscored the need to focus on non-conventional sectors to increase exports.

He said export targets could be met by promoting non-traditional sectors, adding that there was a need to review the Strategic Trade Policy Framework (STPF) 2020–25.

“Pakistan is the fifth largest country, rich in precious stone reserves and minerals. The share in the gross domestic product (GDP) is only three percent,” Mr Rafiq said, adding that the main objective of this programme was to review international standards on gemstone products and provide comprehensive knowledge of cutting, polishing, designing and heating techniques.

Published in Dawn, April 29th, 2024