Discovery Details:

• Location and Extent: The gold reserves are located along a 32-kilometer stretch in Attock, Punjab.

  The News International

• Estimated Quantity: Approximately 2.8 million tolas (around 35,000 kilograms) of gold have been identified.

  Daily Qudrat English

• Valuation: The reserves are estimated to be worth between Rs 600 billion and Rs 700 billion in the global market.

  The News International

Government Actions:

• Verification: The Geological Survey of Pakistan (GSP) has conducted extensive research, including sampling from 127 locations, to confirm the presence and extent of the gold deposits.

  Samaa TV

• Auction Plans: The provincial government plans to auction the gold reserves within a month. An auction committee, chaired by the Attock deputy commissioner, has been established, and the rules for the auction process are set to be approved by the Punjab cabinet in an upcoming meeting.

  Profit by Pakistan Today

• Security Measures: To prevent illegal mining and theft, the government has imposed Section 144 in the area, restricting unauthorized access.

  The News International

Economic Implications:

The discovery of these gold reserves is expected to provide a significant economic boost to Pakistan, potentially generating substantial revenue, creating employment opportunities, and contributing to infrastructure development. However, the actual economic impact will depend on the effective management and responsible extraction of these resources.

While the discovery is promising, it is essential to approach the extraction and utilization of these resources responsibly to ensure long-term economic benefits and environmental sustainability.