Massive Gold Deposit Worth Rs800 Billion Discovered in Attock
Former Punjab Minister for Mines and Minerals, Ibrahim Hassan Murad, has announced the discovery of significant gold reserves in Attock, estimating the deposit at 2.8 million tolas and valuing it at approximately Rs800 billion.
According to Murad, the discovery spans a 32-kilometer area and has been confirmed through comprehensive research by the Geological Survey of Pakistan (GSP). Sharing the news on X, he highlighted the importance of this find, stating, “This discovery underscores Punjab’s vast natural resource potential and represents a transformative step for Pakistan’s economic future.” He further noted that the GSP had collected samples from 127 different sites in the region to validate the findings.
Punjab’s current Minister for Mines and Minerals, Sardar Sher Ali Gorchani, corroborated the announcement, estimating the reserves’ international market value to be between Rs600-700 billion. He explained that the government is acting on the GSP’s research conducted over the past year and has imposed Section 144 to safeguard the mines from illegal activity.
Gorchani also revealed plans to confirm the exact valuation of the reserves with assistance from Nespak and other expert firms. “We intend to auction the gold reserves in a month and will advertise this opportunity internationally,” he stated.
An auction committee, led by the Attock deputy commissioner, has already been established, and the auction rules are set to be approved in an upcoming Punjab cabinet meeting scheduled for next Tuesday.
This groundbreaking discovery is being hailed as a significant boost for Pakistan’s mineral sector, with hopes of fostering economic growth and creating opportunities for future generations.
