The project is being spearheaded by the National Engineering Services Pakistan (NESPAK) in collaboration with the Mines and Minerals Department Punjab.

A contract has already been signed to prepare documents for auctioning mining rights across nine placer gold blocks along the Indus River. Experts suggest that these gold deposits likely originated in the Himalayan region of India and were carried downstream by the Indus River, where they settled in the form of placer gold.

This natural process has resulted in gold nuggets that are smoother and easier to extract. At a time when Pakistan is grappling with economic challenges—such as high inflation, declining foreign reserves, and a weakening currency—this discovery could provide much-needed relief. The country’s current gold reserves stand at just $5.43 billion, among the lowest in South Asia.

Extracting and utilizing these newly discovered reserves could reduce Pakistan’s reliance on gold imports and improve financial stability. NESPAK Managing Director Zargham Eshaq Khan confirmed that preparations for the mining rights auction are underway.

If managed efficiently, the project could attract investors, create jobs, and contribute significantly to the economy. However, experts warn that success will depend on careful planning, transparency, and environmental safeguards to prevent exploitation and ensure sustainability.

While this discovery presents a major opportunity, its true impact will hinge on the government’s ability to implement effective regulations, develop infrastructure, and mitigate environmental risks. If executed properly, it could mark a turning point for Pakistan’s mining sector and overall economic resilience.