Overview
- The federal cabinet approved the reversal and the Commerce Ministry issued a notification reinstating the suspended SRO governing international gold trade.
- The updated framework for precious metals and jewelry trade introduces measures intended to boost transparency and automate processes.
- The SRO had been suspended for 60 days from May 6 over smuggling concerns, yet the halt effectively extended for several months.
- Pakistan Bureau of Statistics data show zero recorded gold imports in June and July 2025 and only nine kilograms worth $927,000 in May.
- FPCCI president Atif Ikram Sheikh had urged Prime Minister Shehbaz Sharif to reinstate SRO 760, citing disrupted supplies and weakened buyer confidence for jewelry exporters.