The revival of a key regulatory order governing the gold trade in Pakistan remains stalled at the Prime Minister’s Office (PMO), despite multiple reminders from the Commerce Ministry and mounting pressure from exporters, Business Recorder reported.
According to the news report, the All Pakistan Small Gems Jewellers & Tools Association (APSGJTA) recently sent a letter to Prime Minister Shehbaz Sharif, highlighting the ongoing delay in reinstating SRO 760(1)/2025, which was suspended for 60 days on May 6, 2025, in an effort to curb alleged smuggling.
However, the APSGJTA argues that no evidence of such smuggling has been presented, and the suspension has disrupted the gold trade, leaving exporters in a precarious position.
The Ministry of Commerce had promised to take swift action on the matter. After a meeting on August 6, 2025, with Commerce Minister Jam Kamal Khan, the APSGJTA was assured that a summary to reinstate the order would be sent to the PMO. Three summaries have since been submitted — the first 80 days ago, the second 60 days ago, and the latest 15 days ago — yet none have been approved.
As a result, exporters are struggling to meet delivery deadlines, with some facing legal threats from international clients for delayed shipments.
The National Assembly Standing Committee on Commerce has also taken note of the delays, urging the Ministry of Commerce to engage with the PMO and resolve the matter. However, sources suggest that no significant progress has been made.
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