Pakistan has the potential to lift its annual gemstone exports to $32 billion for strengthening the country’s economy, said Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Chairman Qurban Ali.In a statement on Tuesday, he said gemstone exporters must go for innovation and adopt modern technology to enhance the value of precious and semi-precious stones in order to enhance competitiveness in the international market.
“Pakistan is home to precious and semi-precious stones and to tap the complete potential, we need to establish a technology and innovation-driven industry to attract foreign investors from the European Union and United States,” he said.He was of the view that the setting up of gem testing labs was the need of the hour to promote Pakistan’s industry in the international arena.
