ISLAMABAD: Core Committee Meeting of Gems and Jewellery Show 2024 was held at FPCCI Capital Office Islamabad under the chairmanship of Mr. Umar Masudur Rahman, Vice President FPCCI.
The meeting was attended by Mr. Saqib Rafiq President Rawalpindi Chamber, Petron Chief APCEA Haji Mamoor Khan, Chairman Syed Minhaj ud Din Bacha, Chairman Mining Association, Farukh Alvi, RCCI Members Akhtar Amin, Muhammad Fayaz Qureshi, Islamabad CCI Member Ayesha Asif and Development Authority Representatives of Islamabad Ishaq Shinwari and Moin Ahmed.
Mr. Umar Masood ur Rehman Vice President of FPCCI said that he believes that the Gems and Jewellery Show 2024 will lead to the showcase of precious stones in the international market. He appreciated the role of TDAP Islamabad to bring all related trade bodies on our platform under the patronage of TDAP and FPCCI to organize a suitable show to attract foreign buyers. The Gem Expo is jointly organized by TDAP & FPCCI, ICCI, RCCI, APCEA, PAGJTEA, PGMA. He further said that the aim of this event is to promote the mineral and mining part of Pakistan which is enriched with 80% of Pakistan’s mineral base and this exhibition is expected to play a major role in exploring the mineral potential of the country. The event is expected to facilitate trade in precious stones and minerals in Pakistan and also provide an opportunity for local businesses to expand their business potential across the country and beyond.
FPCCI Vice President further said that current economic challenges can be met through our exports, for which he appreciated TDAP CEO for his efforts in planning various events not only in international markets but also in local rural markets of KP and Gilgit Baltistan. It is time to pay special attention to African and Central Asian markets to increase our exports in different ways. FPCCI and TDAP are pursuing the same goal of improving Pakistan’s trade and exports, therefore close cooperation between the two entities is necessary and mandatory for achieving the goals more effectively. The success of Gems and Jewellery Show 2024 can bring economic stability. He added.
During the meeting, the participants also appreciated the role of FPCCI and Trade Development Authority and presented various suggestions regarding the success of the exhibition and increasing the exports of the sector.
Mr. Saqib Rafiq President Rawalpindi Chamber, Petron Chief APCEA Haji Mamoor Khan, Chairman Syed Minhaj ud Din Bacha, Chairman Mining Association, Farukh Alvi, Members RCCI Akhtar Amin, Muhammad Fayaz Qureshi, Member Islamabad CCI Ayesha Asif, and other representatives were unanimous that the Pakistani sector of precious stones and jewellery is currently suffering due to low exports which have been undergoing a massive decline in the last five years. In 2016-17, the industry’s exports were $5.8 million, down 99% from $921.8 million in 2011-12. “With the help of foreign investment and machinery, we can increase our gems and jewellery exports to $5 billion in just 3 years, Pakistan has the best craftsmanship and other countries have the technology. Together we can support the export of this industry,”
Attending the meeting said that we believe in working with the private sector to boost our country’s exports and assured that TDAP Islamabad will facilitate the business community of KP province and Gilgit Baltistan. He shared various suggestions for necessary collaboration with FPCCI so that trade and economic activities boost exports. They further stated that the African market is our priority and TDAP has been working hard to increase exports in ASEAN, African and Central Asian regions that can bring economic stability to the country. He further shared that TDAP also supports women entrepreneurs to uplift their local business activities and prepare them to export their products.
