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Reading: Rs800 Billion Gold Reserve Uncovered in Attock
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Gold Prices Pakistan
PhotoNews Pakistan > Punjab > Rs800 Billion Gold Reserve Uncovered in Attock
Punjab

Rs800 Billion Gold Reserve Uncovered in Attock

Web Desk
By Web Desk Published January 14, 2025 2 Min Read
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Gold bricks and jewellery tola. Photo Credits: Goodreturns
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The Geological Survey of Pakistan has confirmed a gold deposit valued at Rs800 billion in Attock, signalling substantial economic benefits for the region.

Former Punjab Minister for Mines and Minerals Ibrahim Hassan Murad announced the discovery, highlighting that the deposit covers a 32-kilometer area.

On social media, Murad revealed that the Geological Survey conducted extensive sampling at 127 sites, confirming about 2.8 million tolas of gold. “This milestone marks a significant step towards unlocking Pakistan’s mineral wealth, setting the stage for economic revitalization and new opportunities for future generations,” he stated.

Sardar Sher Ali Gorchani, the current provincial Minister of Mines and Minerals, supported these findings.

In a discussion with Daily Jang Pakistan, he noted that the geological Survey’s assessment is ongoing. Further evaluations by Nespak and other firms are underway to accurately determine the reserve’s value, which is estimated to be between Rs 600 and 00 billion internationally.

The government has enacted Section 144 to safeguard the site, prohibiting unauthorized mining access to prevent theft. Within a month, Gorchani unveiled plans to auction the gold internationally. The process includes formulating auction rules and establishing an auction committee led by the Attock Deputy Commissioner. The Punjab cabinet will approve these regulations at a meeting next Tuesday.

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