Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Op-Ed Editorial

Shelving Gem and Jewels Park

byDr. Aftab Afzal
14/10/2014
in Editorial, Latest News, Op-Ed
Share on FacebookShare on Twitter

Pakistan is the land of gems and jewels due to their vast reserves in Khyber Pakhtunkhwa, Kashmir and Gilgit-Baltistan, but the precious stones are exported in kilos — unfinished — having worth not more than grits. Ironically, the same gems are imported back to the country from Korea, Thailand and Singapore in the form of finished products at the cost of millions of dollars foreign exchange.

During the tenure of former President Pervez Musharraf, the federal commerce ministry had devised a plan to set up a Gem and Jewellery Park in Karachi to develop gem industry in the country, but the project has finally been shelved after years of procrastination. The project was brainchild of the Trade Development Authority, but it has lost its interest in it.

You might also like

xr:d:DAFGZLzySpE:597,j:42004660331,t:22112408

Algeria invites Pakistani firms to participate in 57th Int’l Trade Fair

14/04/2026

First lithium battery manufacturing plant set to open in Karachi

14/04/2026

The project was devised in collaboration with British companies and gem and jewels experts to attract foreign investment as well as acquire new technology. At least $10 billion annual export target was set for the park but the project has been cancelled due to fear of ‘corruption’.

As a matter of fact, it is the dilemma of this nation that every new government tries to obliterate every print of the outgoing government as a national obligation. Various mega projects had been conceived in the past but were chucked out by the incoming governments. One such a project was of the Ravi National Park in Lahore, launched by former Punjab Chief Minister Pervaiz Elahi. At least 500 acre wide lake was to be built along with an international stadium, but as the new government assumed power, the project was shelved. According to the environment experts, the park would have changed the environment of Lahore which is reeling under intolerable degree of air pollution, affecting health and economy.

The incumbent government must look into the causes which lead to the cancellation of this auspicious project. The stakeholders should also show a degree of responsibility at least for themselves if not for the nation and press the government to go ahead with the plan. If corruption is the only cause, every government department should be shut down.

Tags: FBRGems and JewellaryinvestmentParkPervez MusharrafPunjab Chief Minister Pervaiz ElahiTrade Development Authority

Related Stories

xr:d:DAFGZLzySpE:597,j:42004660331,t:22112408

Algeria invites Pakistani firms to participate in 57th Int’l Trade Fair

byCT Report
14/04/2026

ISLAMABAD: Algeria has invited Pakistani businesses and trade bodies to participate in the 57th Algiers International Fair 2026, terming it...

First lithium battery manufacturing plant set to open in Karachi

byCT Report
14/04/2026

KARACHI: Pakistan’s first national lithium-ion battery manufacturing policy for 2026–31 is nearing approval, while the country’s first lithium battery production...

Diesel shipment from Europe arrives at Karachi port

byCT Report
14/04/2026

KARACHI: A major diesel shipment from Europe has reached Pakistan, as a Liberia-flagged vessel carrying fuel docked at Port Qasim...

SBP opens forward sales window for exchange companies

byCT Report
14/04/2026

KARACHI: The State Bank of Pakistan (SBP) has introduced a new policy that allows exchange companies to conduct short-term forward...

Next Post

4 oil vessels expected at Karachi Port today

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.