Pakistan has recently announced a significant discovery of gold reserves in the Indus River, specifically in the Attock district of Punjab province. This find is estimated to be worth approximately 600 billion Pakistani rupees (around $2.1 billion), which could have profound implications for the country’s economy.
Key Details of the Discovery
- Size and Value:
- The Geological Survey of Pakistan (GSP) has identified approximately 32.6 metric tonnes of gold, which translates to about 2.8 million tolas. This discovery spans a 32-kilometer area along the Indus River, where placer deposits have formed over millions of years as gold particles washed down from the northern mountainous regions.
- Economic Potential:
- The discovery is viewed as a potential game-changer for Pakistan, which is currently facing severe economic challenges, including high inflation and financial instability. Experts believe that extracting these gold reserves could create thousands of jobs, stimulate local economies, and attract foreign investment.
- Government Response:
- In light of illegal mining activities that have already begun in the area, the Pakistani government has imposed Section 144, a legal measure aimed at preventing unauthorized extraction and ensuring that mining operations are conducted legally and sustainably.
- Challenges Ahead:
- While the economic benefits are promising, there are concerns regarding effective management and regulation of the mining process. Authorities will need to enforce strict regulations to protect both the environment and the financial interests of the country.
- Historical Context:
- Gold particles have been carried down by the Indus River from the Himalayas for centuries, accumulating along its banks. Local residents often collect these particles during winter months when water levels are lower, making them more accessible.
