Rehan Shahid 
Oct 20, 2025
The government on Monday decided to lift a ban from gold import and export, imposed six months ago to curb smuggling.
Citing sources from Ministry of Commerce, Geo News reported that a summary has been sent to the Economic Coordination Committee (ECC) for approval.
It should noted that earlier in May, in order to stabilise forex reserves, a temporary ban was imposed by commerce ministry on import and export of precious metals, jewellery, and gemstones.
The sources told the news outlet that no complaints of gold smuggling have been received during the last six months.
The government, under the Export Facilitation Scheme, streamlined export documentation. Furthermore, it provided various incentives to jewellery exporters, including duty drawbacks, zero-rating for specific inputs.
It is pertinent to mention that in order to promote transparency, minimise smuggling, and establish computerised customs valuation and tracking systems, Pakistan reduced various gold import regulations in 2023.
Last week, gold price in Pakistan touched historic high as the price of 24-carat gold per tola settled at Rs456,900, while per 10 grams gold reached Rs391,718. However, the bullion market witnessed correction as gold price today declined by Rs1,400 per tola and Rs1,200 per 10 grams to settle at Rs444,900 and Rs381,430, respectively.
Gold is still used as a hedge against inflation across the globe. Pakistan mainly imports gold from the United Arab Emirates (UAE) and Switzerland
