The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has written a letter to Prime Minister Muhammad Shehbaz Sharif, requesting immediate restoration of SRO 760 to help meet export orders and facilitate shipments from the gold jewellery sector.
FPCCI President Atif Ikram Sheikh, on behalf of the business community, has drawn the PM's attention to the matter as Pakistan's gold jewellery exports, which have contributed significantly to the country's total exports for decades, have been at a complete standstill for over three months due to the suspension of SRO 760.
He said that the abrupt suspension of the SRO on May 6, 2025 has disrupted export orders and dented the trust of international buyers. Several exporters had already received raw gold from their foreign suppliers under legally verified contracts and had prepared jewellery consignments for shipment before the SRO was suspended.
The FPCCI chief elaborated that a government-constituted, high-level committee has completed a comprehensive review of past transactions. Its findings confirmed that there had been no malpractice or misuse of SRO 760 and a clean report was submitted.
Furthermore, "a summary from the Ministry of Commerce recommending the revival of SRO 760 has been forwarded to your office, seeking your approval".
United Business Group Patron-in-Chief SM Tanveer highlighted that, due to the standstill in gold jewellery exports, Pakistani exporters were facing serious consequences, including potential legal claims from their foreign buyers, loss of hard-earned export markets and reputational damage in the global gold trade arena. There is also a risk of escalation at international trade forums, which will not be in the interest of Pakistan's exports and its economy.
SM Tanveer stressed that the prevailing situation calls for the PM's immediate intervention, and the swift revival of SRO 760, for at least the ongoing and pending export consignments, was critical to restore confidence and safeguard Pakistan's export market.
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