Lahore: Former Punjab Minister for Mines and Minerals, Ibrahim Hassan Murad, has announced the discovery of massive gold deposits in Attock, Punjab, with an estimated value of Rs800 billion. The gold reserves, spread over a 32-kilometre stretch, have been confirmed through extensive research and sampling conducted by the Geological Survey of Pakistan (GSP).
Murad revealed the breakthrough on social media platform X, stating that the GSP validated the discovery after conducting sampling at 127 different sites across the region. The discovery is hailed as a significant milestone for Pakistan’s mineral wealth, with the potential to boost the nation’s economy.
“This discovery is groundbreaking and marks a crucial step toward unlocking the mineral wealth of Punjab,” Murad said, adding that it sets the stage for economic revitalization and new opportunities for future generations.
The current Punjab Minister for Mines and Minerals, Sardar Sher Ali Gorchani, also confirmed the find, noting that the estimated value of the gold reserves on the international market ranges between Rs600 billion and Rs700 billion. The government has been working on the findings based on the GSP’s study, which began last year. In response to concerns about theft from the mines, the government has imposed Section 144 in the region to prevent any illicit activity.
Gorchani further stated that a detailed valuation of the gold reserves would be carried out by Nespak and other firms. The government plans to auction the gold deposits after a month, with international advertisements to attract global interest. An auction committee, chaired by the Attock Deputy Commissioner, has already been formed, and the Punjab Cabinet is expected to approve the rules for the auction in a meeting next Tuesday.
This discovery of gold in Attock is poised to transform the local and national economy, with the potential to generate significant revenue and create new opportunities for economic growth in the region.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
