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Business & Finance Print edition: 2025-05-08

Precious metals, jewellery: Import, export suspended for 2 months

Published May 8, 2025 Updated May 8, 2025 06:21am
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By Recorder Report
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ISLAMABAD: The Commerce Ministry has suspended import and export of precious metals, jewelry and gemstones for two months with immediate effect.

However, no reason has been shared by the ministry.

According to the Statutory Regulatory Order (SRO), 760(I)/2025 issued on Wednesday – Commerce Ministry stated that in exercise of the powers conferred under sub-section (1) of section 3 of the Imports and Exports (Control) Act, 1950 (XXXIX of 1950), the Federal Government has suspended the SRO 760 (I)/2013 - Import and Export of Precious Metals, Jewelry and Gemstones Order, 2013, for a period of 60 days, with immediate effect.

It is also unclear if the decision has been taken after approval of Federal Cabinet which according to the Supreme Court judgment is federal government.

Copyright Business Recorder, 2025

Metals Commerce Ministry jewellery Precious metals precious metals import precious metals export

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