Govt to boost gems sector with reforms, industry status
The Prime Minister’s Steering Committee for Gemstones approved a series of reforms on Tuesday to revitalise the sector, with a key decision to bring the industry under the Ministry of Industries. The meeting, chaired by Minister for Privatisation Abdul Aleem Khan, included stakeholders such as federal ministers, secretaries, senior officials and private sector representatives. They discussed in detail the proposed reforms for the gemstone industry. According to the sub-committee’s recommendations, the sector will be given formal industry status once it is officially linked to the Ministry of Industries. “We are moving forward with the cooperation and integrated efforts of both the government and the private sector to promote the gemstone industry,” Mr Khan said during the meeting.