Khyber Pakhtunkhwa’s government has pledged support for formalizing the province’s informal gems trade, promoting value addition, and removing business barriers to help local gemstones and jewelry compete in international markets.
Dr. Muhammad Irshad, a member of the Khyber Pakhtunkhwa Advisory Council for Industries, Commerce and Technical Education, gave the assurance during a meeting with a delegation of the Khyber Pakhtunkhwa Gems and Jewellery Association (KPGJA), led by its president, Muhammad Salman Niazi. Officials from the Khyber Pakhtunkhwa Board of Investment and Trade (KP BOIT) also attended.
Traders Seek Better Market Access and Export Growth
Participants discussed challenges facing the province’s gems and jewelry businesses, focusing on bringing informal trade into the documented economy to increase foreign exchange earnings and promote exports in line with international standards.
Irshad said the government, working with KP BOIT, would take steps to facilitate businesses, encourage value addition, and address trade related barriers to improve the competitiveness of local products in international markets.
Niazi told the meeting that a KPGJA delegation would visit Germany to participate in an international exhibition showcasing gemstones and traditional jewelry from the province. He added that three association members had arrived in Germany three days earlier to make arrangements for the delegation’s participation.
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