Jewellers can now import unrefined precious metals
Local jewellers can now import unrefined precious metals, gemstones and ores under the revised draft of the Gold Policy-2018 approved by the government yesterday.
"The prime minister has given directives to include the import of precious metals other than gold as well," Cabinet Secretary Khandker Anwarul Islam said in a briefing after a cabinet comittee meeting at the secretariat yesterday.
Prime Minister Sheikh Hasina joined the meeting virtually from Gono Bhaban.
Islam said local industries will refine the precious metals and export it to other countries.
"This will create employment opportunities," he added.
However, Islam went on to say that exporters must have a refinery of their own and that a provision has been incorporated in the draft policy in this regard.
In October 2018, the government approved a gold policy with an aim to make the import and export of precious metals easy, stop smuggling, and ensure transparency in its trade.
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