Gold deposits worth Rs700bn discovered in Attock

MG News | January 14, 2025 at 02:29 PM GMT+05:00

0:00

January 14, 2025 (MLN): Gold has been discovered in a 32 km-wide area in Attock, with an estimated quantity of 2.8 million tolas, valued at approximately Rs600-700 billion in the global market, according to Punjab Minister of Minerals, Sardar Sher Ali Gorchani.

He told a private media channel that the government was working under the study of the Geological Survey of Pakistan on the gold deposits and work continued last year.

He said that Nespak and other firms will be hired to further confirm the value of the reserves.

Gorchani further noted that the gold discovered in Attock would be auctioned after a month and would be advertised internationally.

“The rules have been framed regarding the auction of the reserves and an auction committee has been formed under the chairmanship of the Attock deputy commissioner,” he added.

The minister said that the rules for the auction would be approved by the Punjab cabinet meeting to be held next Tuesday.

He said that people were stealing gold by installing machines in the area and the Punjab government imposed Section 144, after which no such incident had occurred.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	154,439.68 241.10M	-1.09% -1701.56
ALLSHR	94,668.16 984.91M	-0.80% -765.63
KSE30	47,119.91 93.25M	-1.26% -600.63
KMI30	226,125.72 147.15M	-1.17% -2674.34
KMIALLSHR	63,569.05 456.03M	-0.92% -592.28
BKTi	41,622.83 56.72M	-1.28% -538.80
OGTi	31,488.79 10.15M	-1.08% -344.95

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,015.00	117,140.00 114,850.00	2085.00 1.81%
BRENT CRUDE	66.84	68.17 65.71	0.47 0.71%
RICHARDS BAY COAL MONTHLY	84.00	84.00 84.00	-1.90 -2.21%
ROTTERDAM COAL MONTHLY	93.00	93.25 92.75	0.00 0.00%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	62.52	63.98 61.69	0.15 0.24%
SUGAR #11 WORLD	15.81	15.87 15.67	-0.01 -0.06%