The federal government of Pakistan approved the National Gemstone Policy for 2026–2030 on Monday to formalize the country's gemstone sector [1].
This initiative represents a strategic effort to transition the gemstone trade from an informal market into a regulated industry. By doing so, the government intends to increase national exports and stabilize the economic contributions of the mining sector.
The policy is designed to unlock an estimated $450 billion in industry value [1]. Officials said that the framework will provide a structured approach to mining and trading, targeting a growth period that extends through 2030 [1].
Formalizing the sector is expected to reduce the prevalence of undocumented trading and improve the traceability of gemstones. This shift allows the state to better monitor resource extraction and ensure that a larger portion of the industry's wealth remains within the national economy.
The government's focus on the 2026–2030 window suggests a medium-term plan to modernize infrastructure and attract foreign investment into the gemstone trade [1]. By establishing clear legal and operational guidelines, the policy seeks to make Pakistan a more competitive player in the global luxury mineral market.
“The federal government of Pakistan approved the National Gemstone Policy for 2026–2030.”
The approval of this policy indicates a push toward economic diversification in Pakistan. By targeting a high-value industry like gemstones, the government is attempting to reduce reliance on traditional exports and leverage natural resources to generate significant foreign exchange reserves.
