Pakistan is setting its sights on a major boost in gemstone exports, targeting an additional $1 billion over the next four to five years. This initiative comes under a newly drafted Gems and Jewelry Policy for 2027-2030, aimed at developing the sector and bringing it in line with international standards.

The draft policy outlines several steps to strengthen the industry. Around 3,500 workers are expected to be trained over the next five years to build skilled manpower. The government also plans to host 320 international and 1,000 domestic exhibitions to showcase Pakistan’s gemstones globally.

In terms of infrastructure, the policy proposes Rs 624 million in value addition through gemstone centers, the installation of 48 modern machines for processing, and an overall budget of Rs 9.78 billion over four years to promote the industry.

Earlier this month, Prime Minister Shehbaz Sharif approved the National Policy Framework, focusing on reforms, export growth, and attracting foreign investment. During a high-level meeting on the sector, he instructed timely implementation of the policy, including geological surveys to map gemstone reserves, and the establishment of international-standard laboratories and certification systems.

The prime minister also directed the creation of two model Centers of Excellence for gemstones this year, bringing in international experts to address challenges in policy implementation. He noted that despite the country’s rich gemstone reserves, exports remain negligible and stressed the need to encourage private investment, particularly from young entrepreneurs.