According to Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Qurban Ali, Pakistan has the ability to increase its annual gemstone exports to $32 billion in order to boost the country’s economy.
He said in a statement on Tuesday that gemstone exporters must embrace innovation and new technology in order to boost the value of precious and semi-precious stones and increase their competitiveness in the international market.
“We need to develop a technology and innovation-driven industry to draw foreign investors from the European Union and the United States to tap the full potential of Pakistan’s precious and semi-precious stones,” he said.
In order to promote Pakistan’s industry in the international arena, he believes that gem testing labs should be developed.
