National Assembly Reviews Gold Jewellery Export Rules In Lahore

In a recent development, the National Assembly Standing Committee on Commerce has mandated a review of the value-addition requirements for gold jewellery exports, responding to significant industry concerns. During a committee meeting, representatives from the jewellery sector highlighted that the existing regulations, governed by SRO 760(I)/2013, impose fixed value-addition percentages linked to international gold prices, which have drastically changed since the regulation was established. For instance, exporters are currently required to meet an 8% value addition for plain bangles and chains, 12% for other plain jewellery, and 13% for studded jewellery. With gold prices soaring from around $1,380 per ounce in 2013 to over $4,100 per ounce today, the effective making charge requirement has become unmanageable. Industry estimates suggest that the 13% requirement translates to making charges of about $17 per gram, while exporters can only obtain $4–5 per gram in international markets, making exports commercially unviable. The committee has tasked the Ministry of Commerce to work with the State Bank of Pakistan (SBP) to address these issues, emphasizing the need for regulations that reflect market realities and support competitiveness (Profit Pakistan, February 25, 2026).