Overview
- The assessment finds over 90% of gold trading is informal, with estimated annual consumption of 60–90 tonnes versus only USD 17 million in FY2024 recorded imports.
- Pakistan has negligible refining and weak hallmarking, which the report links to smuggling, under‑invoicing and widespread purity-related consumer fraud.
- No unified pricing mechanism exists, as local associations set daily rates and influential groups distort prices and supply.
- The CCP proposes a Gold Bank, a Pakistan Gold & Gemstone Authority, mandatory assaying and hallmarking, and transaction traceability integrated with the FBR’s track‑and‑trace system, drawing on Türkiye’s gold‑banking model.
- Reko Diq is projected to yield roughly USD 74 billion in gold over 37 years, and the CCP urges that the reform package be in place before commercial production.