ETHICAL PRACTISES OF
PAKISTAN GEMS AND JEWELRY DEVELOPMENT COMPANY
First of all we would like to thank Allah Almighty for giving us the strength, Knowledge and resources to make our work easy and possible. Without His blessings we would not have come this far. Then we the student of Bahria University would like to thank our course instructor Sir Shaikh Muhammad Ali who taught us Business Ethics and for giving us an opportunity to make a report on Pakistan Gems and Jewelry Development Company.
We would like to thank Mr. Khalid Aziz the General Manager of the company who take out some time and briefed us on our queries, without whom this ...view middle of the document...
Capitalizing on its vast natural resources, low labor costs, skilled craftsmen, and growing national and international demand, Pakistan has the potential to become a regional hub for precious stone cutting and jewelry manufacturing.
Keeping in view the above facts, the Pakistan Initiative for Strategic Development and Competitiveness (PISDAC) Project was launched by the United States Agency for International Development (USAID). The project was implemented by J.E. Austin, a US management consultancy company in partnership with Small and Medium Enterprise Development Authority (SMEDA) of Pakistan. As part of the initiative, a group of committed industry stakeholders from gems trading and mining, jewelry manufacturing, jewelry retail and wholesale, training institutions, technical service providers, raw material suppliers and other allied industries agreed to form a Strategic Working Group (SWOG) to address how the industry could reposition itself through a better strategy. Within 16 months from its inception, the SWOG had developed a strategy shared and agreed to by the private sector and the Government of Pakistan. The SWOG itself has become a recognized private sector platform on which all key players in the value chain including the public sector have come together. One of the major features of the strategy put forth was the formation of a separate company for this sector which would undertake to implement the strategies spelled out for the sector. In the light of this recommendation, Government of Pakistan formed Pakistan Gems & Jewelry Development Company (PGJDC) in June 2006 as a non-profit public/private entity for the development of the Sector. The company became operational in April 2007. The main objectives of PGJDC are to ensure the implementation of the Strategy formulated by SWOG, SMEDA with USAID for general uplift of the industry and increasing the competitiveness of Gems & Jewelry Sector of Pakistan.
The Company endeavors for the development of the Gems and Jewelry Industry of the Country from mine to market and to enhance its competitiveness internationally by Facilitation, Technology Up-gradation, Skill Development and Marketing/Branding.
To work together across regions and activities for establishing Pakistan as high value added, internationally competitive, world-class hub for precious stone cutting, jewelry manufacturing and designing by focusing on development of female gender and skill development.
* Striving for continuous improvement and innovation with commitment and responsibility.
* Treating stakeholders with respect, courtesy and competence.
* Practicing highest personal and professional integrity.
* Maintaining teamwork, trust and support, with open and candid communication.
* Ensuring cost consciousness in all decision and operaions.
Pakistan Gems and Jewelry Development Company strive to upgrade the industry’s marketing and...