Pakistan Gems and Jewellery Development Company

Pakistan Gems and Jewellery Development Company (PGJDC) (Urdu: پاکستان ہیئت برائے ترقیِ جواہرات و گوہر) is a state-owned subsidiary of Pakistan Industrial Development Corporation and is based in Karachi, Pakistan.^[1]^[2]

Company performance

In October 2007, this government-owned company announced plans for development of a 10.8-acre manufacturing complex for gems and jewellery manufacturers in Korangi Creek Industrial Park area of Karachi. This modern industrial park would have gems labs, training centers, processing units and jewellery manufacturing units located in it.^[2]

In March 2010, Pakistan Gems and Jewellery Development Company organized two training courses to train workers in Lahore, Pakistan.^[3]

In June 2013, Pakistan's gems and jewellery exports had risen from approximately $47 million to $1.2 billion since the establishment of Pakistan Gems and Jewellery Development Company in 2006.^[4]

In January 2017, a company official said that Pakistan should export more of its value-added precious and semi-precious colored gemstones so the country can touch $1.5 billion future exports target annually in this sector. He said that Pakistan was currently exporting its 65 percent precious gemstones in raw shape at extremely cheap prices. He said that country's professionals and workforce need to improve their mining skills and their facilities for this value-addition.^[1]

References

^ ^a ^b Expedite entire value chain to enhance gem exports Daily Times (newspaper), Published 23 January 2017, Retrieved 8 December 2017
^ ^a ^b Gems, jewellery cluster planned The News International (newspaper), Published 28 October 2007, Retrieved 8 December 2017
^ Training courses for gems and jewellery sector The Nation (newspaper), Published 9 March 2010, Retrieved 8 December 2017
^ New markets eyed as gems and jewellery exports hit $1.2 billion Pakistan Today (newspaper), Published 20 June 2013, Retrieved 8 December 2017