Pakistan Discovers 32.6 Metric Tonnes of Gold Reserves in Indus River Worth $2.1 Billion, 600 Billion Pakistani Rupees
Jan 12, 2025, 07:00 AM
Pakistan has announced the discovery of 32.6 metric tonnes of gold reserves located in the Indus River, valued at approximately 600 billion Pakistani rupees, or about $2.1 billion. This finding, reported by state media, has the potential to significantly boost the country's economy and reshape its financial landscape. The discovery is seen as a pivotal moment for Pakistan, which has been grappling with economic challenges.
View original story
Markets
No • 50%
Yes • 50%
Exchange rate data from financial markets
No • 50%
Yes • 50%
Credit rating updates from agencies like Moody's, S&P, or Fitch
Yes • 50%
No • 50%
Official announcements from the Government of Pakistan or reputable news sources
A local Pakistani company • 25%
Barrick Gold • 25%
Other • 25%
AngloGold Ashanti • 25%
Official announcements from the Government of Pakistan or company press releases
No impact • 25%
Increase by less than 1% • 25%
Increase by more than 2% • 25%
Increase by 1-2% • 25%
Official GDP growth figures released by the Government of Pakistan or international financial organizations
Other • 25%
Mining • 25%
Finance • 25%
Infrastructure • 25%
Economic reports and analyses from credible financial institutions or government reports