Pakistan to Redefine Gold Pricing and Taxes for Jewellery Sector.

Sources from the FBR, Ministry of Commerce, and TDAP have shared that important changes for the gold jewellery industry are being finalized. One major change is about how value addition is calculated. Instead of using percentages, the government plans to fix the value in rupees per gram. The proposed rates are:

• Rs. 100 per gram for gold bangles

• Rs. 150 per gram for plain jewellery

• Rs. 200 per gram for jewellery with stones or designs

This step is expected to bring more clarity and fairness to gold pricing across the market.

There’s also strong support for updating the Sales Tax Act. The aim is to bring back or revise the rule that allows just 1% tax on local gold purchases. Right now, gold is taxed more than jewellery, which only has a 3% GST. This change would help balance the tax system and make business easier for jewellers.