Gold deposits worth Rs. 700 billion have been discovered in Attock, Punjab. Punjab Minister for Minerals Sardar Sher Ali Gorchani claimed that the government discovered 2.8 million tolas of gold in a 32-kilometer-wide area of Attock, with an estimated market value of Rs. 600-700 billion.
The discovery was conducted under the Geological Survey of Pakistan. Nespak and other firms will be hired to accurately determine the value of these reserves.
The minister said the auction of the gold deposits will take place next month and will be advertised internationally. An auction committee has already been formed and the auction rules are set to be approved in a Punjab cabinet meeting next Tuesday.
Provincial authorities have imposed Section 144 in the area to prevent illegal gold extraction. The minister added that no incidents of theft have occurred so far.
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