In a significant breakthrough, Pakistan has uncovered a massive gold deposit worth an estimated ₹80,000 crore along the Indus River in Punjab’s Attock district. This discovery comes as a potential economic lifeline for the financially struggling nation, offering hope amid its ongoing economic challenges.
The Discovery
The gold deposits were identified during a government-led survey conducted by the National Engineering Services Pakistan (NESPAK) in collaboration with the Mines and Minerals Department of Punjab. NESPAK’s Managing Director, Zargham Eshaq Khan, confirmed that the organization has signed a contract to prepare the necessary documentation for auctioning mining rights for nine placer gold blocks in the Attock district. This marks the beginning of what could be a transformative project for Pakistan’s mining sector.
The Indian Connection
Experts believe that the gold deposits in the Indus River have their origins in the Himalayan region of India. The river’s current carried gold particles downstream, where they settled as placer gold in Pakistan’s territory. Over time, the river’s flow smoothed and flattened these gold nuggets, making them easier to extract. This geological process has turned the Indus River into a hidden treasure trove, linking the discovery to India’s natural resources.
Economic Implications
Pakistan’s gold reserves currently stand at $5.43 billion, among the lowest in South Asia. The newly discovered gold deposits could significantly boost the country’s economy by reducing its reliance on gold imports and generating substantial revenue. However, the success of this project will depend on efficient extraction methods, regulatory oversight, and attracting investors to fund large-scale mining operations.
As Pakistan moves forward with its gold extraction plans, this discovery has the potential to reshape its economic landscape while highlighting the interconnectedness of natural resources in the region.
