A gold deposit containing 32.6 metric tons (valued at $2.8 billion) has been discovered across a 32-kilometer stretch in the Attock region of Punjab, according to former Provincial Minister for Mines Ibrahim Hasan Murad. The discovery has been verified by Pakistan’s Geological Survey Department, which estimates the resource’s worth at PKR 800 billion (approximately LKR 850 billion).
This significant find comes at a time when Pakistan is grappling with a severe economic crisis. Over the past decade, the country’s unemployment rate has surged from 1.5% to 7%, while inflation continues to rise sharply. Experts believe that properly managing this resource could help stabilize Pakistan’s struggling economy.
The Geological Survey Department conducted extensive sampling from 127 locations before confirming the discovery. Experts are hailing this find as a turning point for the country’s mineral resource development.
If efficiently managed, this gold deposit has the potential to rejuvenate Pakistan’s economy and provide opportunities for future generations. However, the government has already imposed Section 144 to curb illegal mining activities in the region, underscoring the importance of regulating and safeguarding this precious resource.
The deposit is believed to have accumulated at the bottom of the Indus River, transported by water streams originating in the Himalayas. During the winter months, when water levels drop, locals reportedly collect gold particles from the river.
Experts highlight the need for sustainable management of this resource. The extraction process is expected to require a substantial workforce, potentially creating numerous employment opportunities and stimulating the local economy. However, effective oversight and regulation by the government are crucial to prevent exploitation and ensure long-term benefits.
Despite this promising discovery, Pakistan continues to face economic challenges, including a population growth of 5 million annually, which exacerbates poverty. The nation’s GDP growth rate remains insufficient to address healthcare, education, and employment needs. Women, in particular, face significant barriers to accessing job opportunities, further limiting economic progress.
The discovery of this gold deposit is seen as a rare opportunity for Pakistan to drive economic growth, reduce unemployment, and improve living standards. However, success hinges on the government’s ability to sustainably manage this resource while addressing ongoing economic challenges.