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Home Gold News Pakistan Discovers Massive Gold Reserves in Attock, Worth 800 Billion PKR

Pakistan Discovers Massive Gold Reserves in Attock, Worth 800 Billion PKR

by anna

In a groundbreaking development, Pakistan has unearthed an estimated 2.8 million tolas of gold, valued at 800 billion Pakistani rupees, across a 32-kilometer stretch in Attock, Punjab. The discovery, announced by former Mining Minister of Punjab, Ibrahim Hasan Murad, is expected to play a pivotal role in the country’s economic recovery.

Murad shared the news on social media platform X, revealing that the discovery was confirmed through extensive research and validated by the Geological Survey of Pakistan. The survey, which sampled 127 sites, confirmed the massive gold deposit, offering a potential boost to Pakistan’s struggling economy.

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“This significant find has the potential to fuel economic growth and unlock Punjab’s natural wealth,” said Murad in his statement. The reserves could provide much-needed economic relief for Pakistan, where the GDP growth rate has been unable to meet the country’s healthcare and education needs.

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The economic implications of this discovery are profound. The gold reserves, valued at 800 billion PKR, could provide a much-needed financial lifeline to Pakistan, offering new opportunities for future generations. As the country grapples with an unemployment rate that has surged from 1.5% to 7% in the last decade, this discovery presents an opportunity to address job shortages and revitalize local industries.

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Despite the optimistic outlook, Pakistan continues to face severe economic challenges. Reports indicate that the nation’s unemployment rate currently exceeds that of neighboring countries like India and Bangladesh, with women, particularly in Pakistan’s socially conservative society, facing additional barriers to job opportunities.

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With this discovery, Pakistan aims to capitalize on its mineral wealth to overcome financial instability and create sustainable growth. The government’s focus on unlocking its natural resources could pave the way for a stronger, more resilient economy in the years to come.

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