The federal government has approved the restoration of international trade in gold and other precious metals after reviewing the trade policy through the Economic Coordination Committee (ECC).
The decision reinstates the entrustment and consignment policies, allowing jewellery exports through both initial imports and local purchases, pending final approval by the federal cabinet.
The ECC meeting, chaired by Federal Minister for Finance and Revenue Muhammad Aurangzeb, was attended by Federal Minister for Power Sardar Awais Ahmad Khan Leghari, Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal, and senior officials from key ministries and regulatory bodies.
During the session, the committee considered a proposal from the Ministry of Commerce seeking to continue the existing regulatory framework while introducing enhanced transparency and automation measures to improve efficiency and traceability in the trade of precious metals.
The Statutory Regulatory Order (SRO) governing the import and export of gems and jewellery had expired on July 8, 2025. In May, the federal cabinet suspended the SRO and appointed a committee to review and update its provisions.
The ECC was informed that previous schemes under the SRO had not been misused and that reinstating the policy would revitalize legitimate trade and boost foreign exchange earnings.
The Ministry of Commerce has also submitted a formal recommendation to the Prime Minister for reinstating SRO 760, noting that no discrepancies or violations were recorded under the earlier regime.
The restoration is expected to provide renewed confidence to traders and strengthen Pakistan’s position in the international jewellery and precious metals market.
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