Pakistan losing $2bn annually to undocumented gold exports

Islamabad: A senior government official has revealed that Pakistan is losing nearly $2 billion annually due to undocumented gold exports.

In light of these substantial losses, the government is considering policy measures to encourage legal and value-added exports of gold and precious stones.

Haroon Akhtar Khan, the Prime Minister’s Special Assistant on Industries and Production, stated that despite Pakistan’s vast reserves of precious stones worth billions, formal exports remain a fraction of their potential due to poor documentation and weak regulation.

During a meeting with Barnaby Plowright, a French gemstone and jewelry manufacturer, Humayun Khan highlighted that Pakistan possesses reserves of precious stones valued in the billions of dollars.