Pakistan Gold Trade Ban Lifted After Cabinet Approval
Pakistan gold trade has officially resumed after the federal cabinet approved the restoration of earlier rules. The Ministry of Commerce issued a notification confirming the decision. This move marks a major shift in the country’s precious metals market.
The notification came under the Imports and Exports (Control) Act, 1950. It restored the import and export of gold, jewellery, gemstones, and other precious metals. In addition, the ministry introduced fresh amendments to ensure clarity and smooth regulation.
The government reinstated SRO 760(I)/2013. This step reverses the suspension introduced through SRO 760(I)/2025 in May. The earlier suspension came after concerns about gold smuggling and irregular trade flows. However, the authorities now believe that improved monitoring and updated rules can support a more stable framework.
Restored Entitlements
The latest order also condones the entire suspension period. As a result, exporters can again use the 120 day entitlement under the Entrustment Scheme. This scheme plays a key role in supporting Pakistan’s jewellery and gemstone exports. It allows exporters to bring gold into the country, create finished products, and send them back within a set timeframe.
Many traders welcomed the decision. They expect the restored rules to improve market confidence. In addition, they believe the change will encourage legal trade and reduce dependence on informal channels. The updated framework may also help attract new investors to the sector.
Officials stated that the government aims to strengthen transparency and promote a fair environment. The reversal signals a shift toward regulated growth in the precious metals supply chain. Therefore, traders who follow the law may find more opportunities in the coming months.
The ministry highlighted that compliance remains essential. Exporters must follow all documentation requirements and timelines. This approach ensures that the system stays transparent and secure. Authorities will continue monitoring trade activity to prevent misuse of the restored rules.
Pakistan’s precious metals market now enters a new phase. The lifting of the ban may improve revenue flows and support related industries. In addition, it may encourage more formal transactions and reduce smuggling risks. The government hopes the renewed structure will promote sustainable expansion in the gold and jewellery sector.
