Gold jewellery seeks reduction in ‘value addition norms’

Gold jewellery exporters have pressed the Ministry of Commerce to act quickly on a cut to the value addition requirements set under SRO 760, according to Business Recorder. In a letter to Joint Secretary-EXIM Waqas Azeem, the sector argued that a six-month lag in carrying out the decision is weighing on shipments abroad. The reduction had been recommended by the National Assembly Standing Committee on Commerce but has yet to be notified.

On February 23, 2026, the committee advised holding a consultative session to find a mutually agreeable outcome. That session took place on March 16, 2026 under Special Secretary Syed Hamid Ali, with the FBR, SBP, Pakistan Gems and Jewellery Development Company and private-sector participants present, and attendees unanimously backed the private sector's proposal. The decision was then passed to the chairman, who wanted it implemented. At its July 3, 2026 meeting, the panel voiced displeasure over the delay and asked the ministry to notify the decision as soon as possible.

The representatives said they were surprised to learn that the proposal still had to clear another approval step involving a committee with SBP and FBR representatives. The letter describes the delay as now running into a sixth month. They called for the notification to be issued immediately, arguing that prompt action would help the sector overcome its current difficulties.