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To: marek_wojna who wrote (72666)6/30/2001 9:25:29 PM
From: lorne  Respond to of 116795
 
Pak market flooded with smuggled jewellery
SHAHID IQBAL
.......KARACHI : The local gold market has been flooded with smuggled jewellery from the Middle East and Far Eastern countries, wiping out the government's revenue and slashing thousands of jobs.
" The World Gold Council believes that about 50 tonnes gold jewellery are being smuggled into the country whose annual consumption of gold is about 120 tonnes."
" .......Import of 50 tonnes of jewellery means that 10,000 Pakistanis could get jobs to produce it locally, viewed the WGC official."
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