Massive Gold Reserves Found in Pakistan’s Indus River – Is This a Game Changer for the Nation?
Pakistan has uncovered a massive gold reserve in the Indus River, Attock District, Punjab, valued at PKR 800 billion (USD 2.87 billion), sparking hope for economic revival. The Geological Survey of Pakistan (GSP) confirmed 32.6 metric tonnes (2.8 million tolas) of placer gold deposits spread over a 32-kilometer stretch, following extensive sampling across 127 sites. Announced by former Punjab Mines Minister Ibrahim Hasan Murad, this find could reshape Pakistan’s financial landscape if mined responsibly.
| Category | Details |
|---|---|
| Location | Attock District, Punjab (Indus River, 32-km stretch) |
| Quantity | 32.6 metric tonnes (2.8 million tolas) |
| Estimated Value | PKR 800 billion (USD 2.87 billion at PKR 283.91/USD) |
| Source | Geological Survey of Pakistan (GSP), validated via 127-site sampling |
| Announced By | Former Punjab Mines Minister Ibrahim Hasan Murad |
| Current Status | Auction planned for July 2025; illegal mining concerns persist |
Why This Discovery Matters
- Economic Boost: With Pakistan’s gold reserves at USD 5.854 billion (Jan 2025), this discovery could bolster foreign reserves, reduce reliance on gold imports, and ease national debt (PKR 5.2 trillion in FY25).
- Job Creation: Mining could generate thousands of jobs in Attock, stimulating local economies amid a 45% poverty rate and 5 million annual population growth.
- Global Impact: Valued at USD 3,356/ounce (June 27), the reserves could position Pakistan as a notable gold exporter, attracting foreign investment.
How the Gold Got There
The gold, originating from the Himalayas, was carried by the Indus River’s fast-moving waters, forming placer deposits in the riverbed. Low water levels in winter make these particles accessible, but illegal mining with heavy machinery has surged, prompting the government to enforce Section 144 to curb unauthorized extraction.
Challenges & Next Steps
- Illegal Mining: Locals in Attock and Nowshera have begun unregulated digging, risking environmental damage like soil erosion and river pollution.
- Regulation: The Punjab government, with NESPAK and the Mines Department, plans to auction nine placer gold blocks internationally in July 2025, ensuring sustainable mining.
- Bureaucratic Hurdles: Delays by Mines Department officials could slow progress, requiring transparent oversight.
What It Means for Pakistanis
- Investors: At PKR 357,500/tola locally, the discovery could stabilize gold prices and offer investment opportunities. Monitor auction updates for potential stakes.
- Buyers: Rising gold demand may push prices higher, so plan jewelry purchases carefully, budgeting for taxes (PKR 270,000–350,000/year, akin to car costs like Honda City).
- Locals: Job prospects in Attock could rise, but environmental risks need addressing to protect livelihoods.
Final Word
Pakistan’s PKR 800 billion gold discovery in the Indus River offers a golden opportunity to tackle economic woes, from inflation to debt. With responsible mining and global partnerships, this could spark prosperity in Attock and beyond.
Disclaimer: Data based on June 28, 2025, from GSP and media reports. Verify details at sbp.org.pk for accuracy, as mining plans may evolve.
