Gold Discovered in Pakistan, A New Chapter in the Nation’s Wealth Begins!
Pakistan has recently uncovered two significant gold reserves—one in Chagai, Balochistan, and the other along the Indus River in Attock, Punjab. These finds could reshape the country’s financial future.
New Gold Find in Punjab
- 32.6 metric tons of placer gold have been discovered along a 32 km stretch of the Indus in Attock.
- This gold is valued at roughly ₹80,000 crore (about $2.1 billion).
- The survey was conducted by NESPAK in cooperation with Punjab’s Mines & Minerals Department of Pakistan.
Reko Diq, Balochistan
- A world-class gold and copper reserve at Reko Diq, containing around 60 million ounces (about 1,700 metric tons).
- Estimated total value exceeds $60 billion.
Existing Gold Reserves
As of December 2024, Pakistan’s official gold reserves total about 64.7 tonnes, worth $5.4 billion.
Economic Impact
- Prime Minister Shehbaz Sharif highlighted that these discoveries may reduce Pakistan’s dependence on global loans and improve economic stability.
- He noted that cooperation with international partners—including Oman—for gold processing could attract global investment and help diversify the economy.
Other Finds & Challenges
- Antimony (used in electronics and defense) has been discovered in Balochistan.
- Mineral surveys in Gilgit-Baltistan show deposits of gold, copper, nickel, and cobalt.
- New oil and gas fields were also found by Mari Energies.
- However, challenges include need for investment, better regulations, illegal mining, environmental issues, and political instability.
Final Word
These gold and mineral discoveries create a rare chance for Pakistan to boost its economy. The key to success lies in proper management, strong policies, and collaboration with global partners.
