Plan to Establish a Gemstone Centre in KP – Research Snipers

Plan to Establish a Gemstone Centre in KP

gemstone centre

The All Pakistan Commercial Exporters Association (APCEA) in unison with the small and medium enterprises development authority (SMEDA) and the government of Khyber Pakhtunkhwa, plans to form a Gemstone Centre in KP.

Mamoor Khan—the APCEA Patron-in-Chief while talking to APP said that the gem center would be the first one of its kind in Pakistan. He also said that the provincial government has already given a 4.5-kanal land on Kohat Road on a 35-year lease for establishing the said center.

He also said that the gem center would be giving a much-required space for showcases and exhibitions, along with providing lapidaries, certified gems, cutting and polishing centers, internationally-recognized aggregated labs and other related facilities at one place.

Mamoor Khan added that the foreign investors have always shown interest in the gems of Pakistan but owing to the non-availability of a safe and guaranteed space the investors are reluctant from making any investment in this sector.

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He further said that through this center, they would be providing opportunities to the foreign investors to witness the products of Pakistan and make interactions with the local dealers.

He asked the government to give the needed funds for the establishment of the gemstone Centre, adding that this Centre would not just promote the gems of Pakistan but would also be creating several jobs.

He added that they also target to form a skill development Centre where youth would be given the right training on gem extracting, cutting, polishing and other linked fields.

Haji Dost Muhammad—the former chairman of APCEA said that Pakistan has got immense potential in gemstones and could attract a great amount of foreign investment in this division by making a safe and healthy business environment for the investors.

He demanded the government to assist the sector by introducing new techniques, as this would result in the generation of huge revenue for the country.

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