The meeting of the council was presided over by senior officials from the ministry and Commerce Minister Jam Kamal. Salman Hanif, the chairman of the council, was present, as were high ranking government officials.
Mr. Hanif identified significant obstacles preventing the industry’s expansion as regulatory constraints, specifically changes to SRO760.
He maintained that the industry’s full export potential will be realized upon regularization.
The council members brought up a number of topics, such as the necessity of banking channel improvements and the clause-by-clause revision of SRO 760.
Mr. Kamal restated the government’s pledge to revive Pakistan’s jewelry and gems sector. The minister stated that in order to address the potential and problems facing the industry, the prime minister has personally called three or four meetings in the last several months.
