Pakistan has discovered a massive gold reserve worth Rs 80,000 crore in the Indus River bed, offering a potential economic boost for the financially struggling nation.
The discovery comes at a crucial time when the country is battling an economic crisis, declining foreign reserves, and a weakening currency.
With gold reserves rising to 64.74 tonnes in the fourth quarter of 2024, this newfound deposit could help strengthen Pakistan’s foreign exchange reserves, which stood at just USD 5.43 billion in December 2024.
If properly extracted and monetized, it could reduce reliance on imports and attract foreign investment. The mining project will be conducted by National Engineering Services Pakistan (NESPAK) and the Mines and Minerals Department Punjab, with experts believing that a successful extraction process could significantly boost Pakistan’s gold production.
However, the success of this project depends on efficient mining operations, securing necessary funding, and implementing strict regulatory measures to prevent illegal mining and smuggling.
If managed well, this discovery could mark a turning point for Pakistan’s economy, providing much-needed financial relief and industrial growth
