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Attock Shines with Rs800bn Gold Discovery

Web Desk 5 months ago
gold

Former Punjab Minister for Mines and Minerals, Ibrahim Hassan Murad, announced the discovery of a massive gold deposit in Attock, estimated at 2.8 million tolas and valued at Rs800 billion.

The extensive deposit, confirmed through thorough research, spans a 32-kilometer area in Attock. Murad highlighted the findings in a post on X, stating that the Geological Survey of Pakistan validated the discovery through sampling conducted at 127 sites. “This breakthrough underscores Punjab’s vast mineral wealth and paves the way for economic progress and opportunities for future generations,” he said.

Sardar Sher Ali Gorchani, the current provincial Minister for Mines and Minerals, also verified the discovery. He revealed that work on the Geological Survey’s study has been ongoing since last year. To confirm the reserves’ exact value, the government plans to engage Nespak and other firms, estimating the global market worth at Rs600-700 billion.

Gorchani further stated that Section 144 has been imposed to safeguard the gold mines from theft. The reserves are set to be auctioned internationally next month, with advertisements to attract bidders. He added that an auction committee, headed by the Attock deputy commissioner, has already been established, and the rules for the auction will be finalized in a Punjab cabinet meeting scheduled for next Tuesday.

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