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LAHORE,Nov 24:President of the Gold & Gems Art Promotion Council of Pakistan and Central Chairman of the Lahore Division Sarafa & Jewellers Association Muhammad Ahmad
welcomed the government’s decision to lift the ban on the import and export of gold.
In a press release, he said this step will have far-reaching positive effects on the
country’s gems and jewellery industry. The rising prices of gold can only be countered
through increased exports, and this decision was the need of the hour.
He expressed his gratitude to the government and urged that exporters must be given relief to effectively compete on the global stage.
He stressed the need to review the current export mechanism of gems and jewelery and introduce policies that encourage more people to enter the export sector so that national gems and jewellery exports can increase and the country’s foreign exchange reserves can be significantly strengthened.