ISLAMABAD: Pakistan: A gathering was held below the Chairmanship of the Chief Statistician Dr. Naeem U Zafar on Gems and Valuable Stones Statistics on at Pakistan Bureau of Statistics (PBS) Headquarter in Islamabad.

The primary 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 Growth Company.

Dr. Naeem U Zafar highlighted the significance of the assembly and doable contribution of this sector within the nationwide financial system.

A short presentation was additionally given to the contributors by the Deputy Director Basic Dr Bahrawar Jan.

The gem stones are principally present in uncooked kind and its worth addition after reducing and sprucing is lacking within the GDP. As world 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 guage the gems-stone exercise and its demand and potential within the Nation, some questions have been positioned earlier than the contributors for dialogue. Corresponding to what’s the gemstone market measurement in Pakistan, the best way to measure development 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.

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

The Chief Statistician, on the finish, thanked all of the contributors and emphasised that the absence of this sector within the financial system must be correctly tapped and its reflection into the nationwide GDP be ensured in subsequent rebasing of nationwide accounts, which is able to solely be doable if all our stakeholder collaborates with PBS within the nationwide curiosity.