Islamabad : A gathering was held beneath the chairmanship of the Chief Statistician Dr. Naeem U Zafar on ‘Gems and Valuable Stone Statistics’ on in Pakistan Bureau of Statistics (PBS) Headquarter, says a press launch.

The principle goal of the assembly was to increase the information assortment of lacking financial areas. The assembly was attended by the representatives of personal and public sectors stakeholders together with State Financial institution of Pakistan, Pakistan Gems Jewelers Merchants & Exporters Affiliation, Gems & Gemological Institute of Pakistan, Peshawar, Islamabad Chamber of Commerce and Industries, Centaurus Mall and Pakistan Mineral Improvement Company.

Dr. Naeem U Zafar highlighted the significance of the assembly and potential contribution of this sector within the nationwide financial system. A short presentation was additionally given to the contributors by Dr Bahrawar Jan, DDG. The gem stones are largely present in uncooked type and its worth addition after reducing and sharpening is lacking within the GDP. As international state of affairs, the world gems-stone exercise in 2019 has been estimated at 228 billion {dollars} and projected 307 billion {dollars} by 2026. The Pakistan export of this sector in 2021 was about 6.7 million {dollars}. Pakistan contributes 3% in world inhabitants, 0.35% in world financial system and 0.003% in world Gems-stone financial exercise which is extremely underestimated.

To judge the gems-stone exercise and its demand and potential within the nation, some questions had been positioned earlier than the contributors for dialogue. Comparable to what’s the gemstone market measurement in Pakistan, measure progress of the market, who’re the actors and gamers of the market, what are the distribution channels and knowledge sources, knowledge format and different varied parameter and its availability and authenticity.

Members mentioned varied points at size. All contributors prolonged their full assist and agreed to share related materials with PBS for preliminary evaluation/work.