The federal government has decided to lift the ban on the import and export of gold, paving the way for the legal resumption of trade in the precious metal.
Following approval from the federal cabinet, the Ministry of Commerce has issued an official notification announcing that the previously suspended SRO governing global gold trade has now been reinstated.
According to the notification, the government has also introduced certain amendments related to the import and export of precious metals and jewelry. However, the existing framework regulating the trade of gold and other valuable metals will remain intact. Officials state that the framework will continue with enhanced transparency and improved automation to ensure that gold trading is conducted safely, efficiently, and in a more regulated environment.
It is important to recall that earlier in May this year, a temporary ban was imposed on gold import and export due to reports of large-scale smuggling. On 6 May 2025, the Ministry of Commerce suspended the SRO responsible for regulating gold trade for a period of 60 days.
Sources confirm that the ban had been introduced to curb smuggling concerns and strengthen monitoring mechanisms. With the restrictions now lifted, legal gold trading is expected to resume smoothly, and commercial activities in the sector are likely to become more streamlined and efficient.
