In a monumental discovery, former Punjab Minister for Mines and Minerals Ibrahim Hassan Murad has announced the identification of a massive gold deposit in Attock, estimated to hold 2.8 million tolas of gold worth approximately Rs800 billion. The Geological Survey of Pakistan (GSP) has validated this significant find, which stretches across a 32-kilometer area, highlighting the immense mineral wealth of Punjab.
Discovery Details
Murad shared the news via social media, stating, “This revelation, validated by the Geological Survey of Pakistan, underscores the potential of Punjab’s natural resources. It is a transformative step toward economic revitalization and opportunities for future generations.”
The discovery follows extensive research and sampling conducted at 127 sites by the GSP, marking a critical milestone in Pakistan’s mineral exploration history.
Government Plans and Security Measures
The current Minister for Mines and Minerals, Sardar Sher Ali Gorchani, confirmed the discovery and provided updates on the government’s ongoing efforts. Work on the reserves is being conducted under the guidance of the GSP, with firms such as Nespak expected to further verify the deposit’s value, which is estimated to range between Rs600 and Rs700 billion in the international market.
To protect the valuable site, Section 144 has been imposed, preventing unauthorized access and potential theft. Plans are underway to auction the reserves within a month, with advertisements targeting an international audience.
Auction and Regulations
The provincial government has framed specific rules for the auction process, with an auction committee chaired by the Attock deputy commissioner overseeing the proceedings. These regulations will be presented for approval during the Punjab cabinet’s upcoming meeting.
Economic Impact
The discovery is anticipated to bolster Pakistan’s economy, opening avenues for increased revenue, job creation, and infrastructure development. This milestone comes on the heels of other significant mineral discoveries in the country, positioning Pakistan as a key player in the global resource market.
As the nation gears up to capitalize on this historic find, all eyes are on the auction and subsequent developments that could redefine Pakistan’s economic landscape.
