• Download the Constitution of Pakistan
  • Advertise
Monday, May 12, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Gold

Massive Rs800bn Gold Deposit Discovered in Attock

by Alina Fida
January 14, 2025
in Gold, Main, New, News, Pakistan
Reading Time: 2 mins read
0
Massive Rs800bn Gold Deposit Discovered in Attock

Massive Rs800bn Gold Deposit Discovered in Attock

Share on FacebookShare on TwitterLinkedinWhatsapp

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.

Tags: latestPakistan
Alina Fida

Alina Fida

Related Posts

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

by News Publishing
May 12, 2025
0

The Pakistan Stock Exchange (PSX) witnessed a historic rally on Monday, with the benchmark KSE-100 index surging over 9% following...

Gold

Gold Price in Pakistan – May 10, 2025

by Anum Arif
May 10, 2025
0

Gold PurityWeightRate (PKR)24 Karat1 TolaRs. 362,500.0024 Karat10 GramsRs. 310,790.0024 Karat1 GramRs. 31,079.00

Pakistan launches "Operation Bunyan-un-Marsoos" in response to Indian aggression

Pakistan launches “Operation Bunyan-un-Marsoos” in response to Indian aggression

by News Publishing
May 10, 2025
0

Pakistan has launched a decisive and large-scale military response to blatant Indian aggression under Operation Bunyan un Marsoos ("Iron Wall"),...

Gold

Gold Rate in Pakistan – May 09, 2025

by Anum Arif
May 9, 2025
0

Gold TypeWeightPrice (PKR)24 Karat Gold Rate1 TolaRs. 362,800.0024 Karat Gold Rate10 GramRs. 311,050.0024 Karat Gold Rate1 GramRs. 31,105.00

Export of services rises to $6.2bn in July-March

Export of services rises to $6.2bn in July-March

by News Publishing
May 9, 2025
0

Pakistan’s exports of services rose by 9.85% to $6.24 billion during the first nine months (July–March) of fiscal year 2024-25,...

Gold

Gold Rate in Pakistan – 08 May 2025

by Anum Arif
May 8, 2025
0

Gold Rate24K Gold22K Gold21K Gold18K GoldPer Tola Gold362,000.000331,833.333316,750.000271,500.000Per 10 Gram Gold310,360.000284,496.667271,565.000232,770.000Per 1 Gram Gold31,036.00028,449.66727,156.50023,277.000Per Ounce879,660.000806,355.000769,702.500659,745.000 Gold rate per Tola in...

Next Post
Rohit Sharma 'May Visit Pakistan' Ahead of ICC Champions Trophy 2025

Rohit Sharma 'May Visit Pakistan' Ahead of ICC Champions Trophy 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters