Key Takeaways
- PM expresses dissatisfaction with the pace of the Gemstones Pilot Project.
- Geological mapping of gemstone-bearing areas has been completed.
- Rs1 billion allocated for the sector's development this year.
Prime Minister of Pakistan has expressed displeasure over the slow progress of the Gemstones Pilot Project, according to official sources.
The project, aimed at identifying and exploring new gemstone-bearing areas, has seen the completion of geological mapping in eight new blocks located in Gilgit-Baltistan, Azad Jammu and Kashmir, and Khyber Pakhtunkhwa.
Eight new blocks have been identified for further exploration and discovery of gemstones, indicating a significant step towards the project's objectives.
An allocation of Rs1 billion has been earmarked under the Public Sector Development Programme (PSDP) for the development of the gemstone sector during the current financial year.
The PM's comments reflect the government's commitment to accelerating the project's progress and ensuring the sector's sustainable development.
The Gemstones Pilot Project is part of broader efforts to diversify Pakistan's economy and capitalize on its rich mineral resources.
While the geological mapping is complete, the PM's criticism suggests that more needs to be done to expedite the exploration and discovery phases of the project.
The allocation of funds underscores the government's prioritization of the gemstone sector, which is expected to contribute significantly to the national economy.
