IDEAS home Printed from https://ideas.repec.org/a/src/jbsree/v9y2023i3p263-272.html
   My bibliography  Save this article

Problems Faced by Online Gemstone Traders of NamakMandi market at Pakistani Airports

Author

Listed:
  • Owais, Syed
  • Bangash, Arshad khan
  • Raza, Javaria

Abstract

Purpose: This paper analyses the views and experiences of gemstone traders at the NamakMandi (NM) gemstone market.Methodology: The paper draws on the data from a stakeholder’s workshop held at Bacha Khan University Charsadda (Pakistan) and ten (10) semi-structured interviews primarily with traders, which were conducted as part of a larger research project for identifying factors inhibiting the beneficiation of gemstones in Khyber Pakhtunkhwa and Gilgit-Baltistan.Findings: The paper demonstrates that while the advent of the internet has ushered in quite a new era in the gemstone trade, particularly triggering higher interest among youth to initiate online gemstone businesses, but they are improvising and experimenting in an environment that is completely devoid of any official regulatory environment or support. In the face of the absence of relevant laws and regulations, the employees of the customs department at the airport resort to extortions and bribes both during the exportation and importation of gemstones in Pakistan.Implications: Unless an appropriate regulatory and supportive environment is created, online gemstone businesses may have a very sluggish growth, thus, taping its potential to create income-earning opportunities and revenue for the government.&&

Suggested Citation

  • Owais, Syed & Bangash, Arshad khan & Raza, Javaria, 2023. "Problems Faced by Online Gemstone Traders of NamakMandi market at Pakistani Airports," Journal of Business and Social Review in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 9(3), pages 263-272, September.
    • Handle: RePEc:src:jbsree:v:9:y:2023:i:3:p:263-272
    DOI: http://doi.org/10.26710/jbsee.v9i3.2704
    as

    Download full text from publisher

    File URL: https://publishing.globalcsrc.org/ojs/index.php/jbsee/article/view/2704/1595
    Download Restriction: no
    File URL: https://libkey.io/http://doi.org/10.26710/jbsee.v9i3.2704?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:src:jbsree:v:9:y:2023:i:3:p:263-272. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Prof. Dr. Ghulam Shabir (email available below). General contact details of provider: https://edirc.repec.org/data/csrcmpk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.