Pakistan is never short on mineral resources, specifically gemstones. Saleem Ali, professor for Energy and Environment at University of Delaware, USA, said Pakistan should be focusing on branding its gemstones so that an effective market for them can be set locally and internationally.
Speaking at the “How Minerals can Contribute to Pakistan’s development” at Sustainable Development Policy Institute (SDPI), Saleem said that there are handful of opportunities available for Riko Diq gold and copper reserves. Thus, these opportunities should not be missed and proper planning should be done in order to utilize these resources for best possible economic growth.
Saleem said that proper marketing and branding for gemstones is necessary to have a unique identity through which buyers have no confusion regarding the originality and quality of gemstones. All the gemstones available in Pakistan like Rubies, Emerald, Aquamarine, and others are all very attractive. He said that the gemstone should be properly marketed in order to create demand and meet international standards for gemstones.
Pakistan is yet to devise a clear cut strategy for the use of mineral resources so that these resources can properly be utilized to contribute to country’s economic growth. Saleem Ali believes that the government should start taking appropriate measures to develop a proper sector for gemstones as the country is blessed to have such resources that are scarce to find in any other country.
High risks results in high rewards, and thus it is important to take risk with the mineral resources sector so that high rewards can be reaped. Saleem wants the government to conduct proper survey about the potential that the mineral resource sector in Pakistan possesses so that necessary action can be taken to improve financial health of the country.