Pakistan drops ban on gold import, export with new rules in effect

Revival of gold trade in Pakistan follows cabinet approval and is implemented under Imports and Exports (Control) Act, 1950
An undated image of gold price in Pakistan. — Freepik

An undated image of gold price in Pakistan. — Freepik

In a move favourable for Pakistan's bad economic posture, the federal government of Pakistan has lifted the ban on gold import and export and reinstated the regulations for precious metals trade.

The suspension of a ban on gold's trade was announced brought to light in a notification issued by the Ministry of Commerce.

The good news for gold importers and exporters follows cabinet approval and is implemented under the Imports and Exports (Control) Act, 1950.

The notification revokes the previous order (SRO 760(I)/2025) issued in May that set in place a ban on gold by suspending the 2013 regulations due to concerns over gold smuggling.

With the ban lifted, exporters can now utilise the mandatory 120-day entitlement period under the Entrustment Scheme.

The ease of gold trade in Pakistan comes after new smuggling complaints came to a standstill. The updated rules for gold trade in Pakistan include several technical amendments to the original 2013 order, and the most notable is that the term "Gemstones" has been removed from the short title, and the definition of "passbook" has been revised to accommodate both paper and digital formats.

The updated regulations also clarify that the import of precious metals and gemstones, as well as the export of jewellery made from these materials, is permitted under specified terms.