Pakistan has the potential to carry its annual gemstone exports to $32 billion for strengthening the nation’s financial system, stated Federation of Pakistan Chambers of Commerce and Trade (FPCCI) Chairman Qurban Ali.

In a press release on Tuesday, he stated gemstone exporters should go for innovation and undertake fashionable expertise to reinforce the worth of valuable and semi-precious stones with a view to improve competitiveness within the worldwide market.

“Pakistan is house to valuable and semi-precious stones and to faucet the whole potential, we have to set up a expertise and innovation-driven business to draw overseas traders from the European Union and United States,” he stated.

He was of the view that the organising of gem testing labs was the necessity of the hour to advertise Pakistan’s business within the worldwide area.

The official stated that the chamber would contain the federal government in initiating the development of gem testing laboratories in main cities of Pakistan.

Ali stated that valuable stones have been primarily present in practically inaccessible territories of hilly areas within the south and north of Pakistan. “Most in depth ruby deposits are situated within the Hunza valley of Gilgit-Baltistan,” he stated.

He identified that after Burma, Hunza was the one different area on the earth that had deposits of blood pink ruby. He added that among the most interesting emeralds on the earth have been being mined within the picturesque valley of Swat.

Printed in The Specific Tribune, March 10^th, 2021.

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