Pakistan finds JACKPOT worth Rs 80000 crore in…, its related to India due to…

Pakistan gold reserves: In a foremost stroke of fine fortune for Pakistan, the money-strapped nation has found massive gold reserve in the Indus river, estimated to be worth round Rs 80,000 crore, and has launched plans to extract this jackpot which would possibly undoubtedly present to be a foremost shot in the arm for its crumbling financial system.

The discovery changed into as soon as reportedly made at some level of a govt-ordered leer in Attock district in Pakistan’s Punjab province, following which say-owned engineering consultancy firm, Nationwide Engineering Products and companies Pakistan (NESPAK), and Mines and Minerals Division Punjab, collectively launched the Attock Placer Gold Challenge.

Based on NESPAK Managing Director (MD), Zargham Eshaq Khan, the govt.owned firm has signed a contract for “Consultancy Products and companies for Getting ready Bidding Documents and Transaction Advisory Products and companies for Nine (09) Placer Gold Blocks along River Indus in District Attock,” as per reports in the Pakistani media.

The ambitious project is being described as a foremost milestone in the nation’s mining sector, and tapping into opportunities in the Indus say may set Pakistan as a foremost player in the world mining industry.

Earlier this yr, reports emerged in Pakistani media that illegal gold mining operation had begun on the foothills of the Indus River draw Nowshera in Khyber Pakhtunkhwa province draw Attock following reports circulating on social media that a enormous gold reserve changed into as soon as present in the say.

Local mining contractor thronged the home with their mining, nonetheless were denied permission by Punjab’s provincial govt, due to the which no mining changed into as soon as utilized.

‘River of gold’

Based on geologists, the Indus River brings gold from the Himalayas in India, which gets deposited in Pakistan. Is known as placer gold, the gold nuggets present in the river either flat or entirely round, which proves that it changed into as soon as deposited their after travelling fairly a distance.

The Indus valley say, residence to the critical Indus Valley Civilization (IVC), is believed to be a say abundant with pure resources reminiscent of rare earth minerals and treasured metals devour gold and silver. The IVC, which flourished in the Indus and Ghaggar-Hakra river valleys, changed into as soon as positioned in in style-day Pakistan and northwest India, in accordance with archeologists.

Pakistan gold reserves

Pakistan gold reserves are a pair of of the lowest in South Asia. As per records released by the Enlighten Monetary institution of Pakistan, Pakistan’s gold reserves were valued at $5,434.24 million, as of December 2024.