ECC approves National Gemstone Policy 2026–2030

MG News | May 19, 2026 at 05:20 PM GMT+05:00

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May 19, 2026 (MLN): The Economic Coordination Committee (ECC) of the Cabinet has approved the National Policy to Realize Pakistan’s Gemstone Potential 2026–2030 aimed at formalizing the country’s gemstone sector, promoting value addition, and enhancing exports.

The approval was granted during an ECC meeting chaired by Federal Minister for Finance and Revenue Muhammad Aurangzeb at the Finance Division.

The Industries and Production Division submitted the policy.

According to the official statement, the policy seeks to modernize mining practices, strengthen value-added processing, and promote regional economic development, particularly in Gilgit-Baltistan, Khyber Pakhtunkhwa, and Azad Jammu and Kashmir, where gemstone reserves and mining activities are concentrated.

The initiative is expected to help formalise the largely undocumented gemstone industry and align the sector with international standards to improve competitiveness in global markets.

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