Pakistan, May 19 -- The Economic Coordination Committee (ECC) has approved Pakistan's first five-year gem stone policy, marking a major step toward formalizing the sector. The decision was taken during a meeting chaired by Finance Minister Muhammad Aurangzeb and included multiple financial and structural approvals. The development matters because it aims to strengthen mineral exports, improve governance, and support broader economic reforms.

According to an official statement from the Ministry of Finance, the ECC also approved the restructuring of the Pakistan National Shipping Corporation. The committee reviewed several proposals aimed at improving public sector efficiency and financial management. Additionally, multiple technical suppl...