Pakistan Gems and Jewellery Development Company (PGJDC) organized “The 1st Gem Bazaar” on Sunday 13th July 2008 at the proposed Gem Exchange in the heart of Namak Mandi in Peshawar.

The “Gem Bazaar” was inaugurated by Ms. Sitara Ayaz, Minister Social Welfare & Women Development and Haji Mohd Asif, President Sarhad Chamber of Commerce & Industries.

Ms. Sitara Ayaz said, “This is a great initiative by PGJDC and it deserves a congratulations for bringing the buyers and sellers under one roof. “Gem Bazaar” has provided a lucrative opportunity and platform for the buyers and sellers of gemstones and mineral specimen. It is so encouraging to see that Pakistan being so rich in natural resources, the market has all the potential to capitalize on it. It was all evident today in the Gem Bazaar.”

Mr. Fawad H. Khan, CEO, PGJDC said “The success of this “Gem Bazaar” proves to be one of the great milestones in PGJDC’s efforts for providing a strong and meaningful platform for the traders in the gem industry. Enthusiasm and commitment among the buyers and sellers especially in Peshawar and the Northern Areas of Pakistan have gone sky high. The way this event has been organized professionally, we eagerly look forward to holding it on a regular basis, which will ensure exponential growth in trade contributing immensely to the continuous efforts that PGJDC is putting in for the development of Gems & Jewellery industry of Pakistan.”

Mr. Mutiullah M. Sheikh Chairman, PGJDC said “The “Gem Bazaar” has exposed buyers to high quality products on competitive prices, which will add tangible value to their business endeavors. Such initiatives by the Company will boost confidence, motivation and trust on PGJDC’s initiatives for the development of the industry. It will further enhance the value chain productivity of the sector, which will also enable the miners to rise above unnecessary exploitation and deprivation from direct trading.”