A gold reserve worth over Rs 80,000 crore has been discovered by Pakistan in the Indus River, according to Dawn News. It was found in Attock in Punjab province through a government-commissioned survey, which was headed by the state-owned National Engineering Services Pakistan (NESPAK) and the Mines and Minerals Department Punjab, said the report, adding it is expected to be a major milestone in the mining history of Pakistan.
How It Linked To India
According to geologists, the Indus River transports these gold reserves from India’s Himalayas to Pakistan, where they gather as placer gold — nuggets that are flat or entirely round due to the extensive downstream transit.
About Indus Valley
The Indus Valley region, historically rich in natural resources, has long been linked to gold and other precious metals. The area has already seen an inflow of local mining contractors due to suspicions about gold reserves there, prompting the Punjab provincial government to intervene and deny permission for extraction without permits.
How Much It Cost
Referring to the Express Tribune, the Dawn stated the State Bank of Pakistan’s gold holdings were worth $5.43 billion in December 2024.
How Much It Beneficial For Pakistan
Pakistan’s economy confronts numerous challenges, including declining foreign exchange reserves and a weaker currency. According to reports, the growth of gold reserves is expected to give much-needed financial assistance to the country. If this mining expedition is successful and the government is able to extract the gold, it is expected to increase the country’s gold production and status among worldwide peers.
Economic And Global Impact
These enormous discoveries might transform regional economies and affect global gold prices. Pakistan’s discoveries, if successfully mined, might assist stabilise its faltering economy by increasing FX reserves and lowering reliance on foreign loans. However, geopolitical conflicts and inadequate mining infrastructure may hamper Pakistan’s capacity to fully capitalise on its gold reserves.
