click this icon for latest updates
A huge gold reserve has reportedly been discovered in Tarbela, Pakistan, with an estimated total value of around USD 636 billion. The discovery was shared by Hanif Gohar, Chairman of Air Karachi and former Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), during a press briefing at the Karachi Press Club on Monday.
According to Gohar, divers collected multiple soil samples from inside the Tarbela Dam. These samples were then tested in laboratories, confirming traces of gold.
Gohar said that the gold found in Tarbela is large enough to cover Pakistan’s entire foreign debt. He added that the matter has already been brought to the attention of the Special Investment Facilitation Council (SIFC) and the Governor of the State Bank of Pakistan (SBP).
According to him, Pakistan has reached out to Australian and Canadian drilling companies to help with the extraction process. “Once the Prime Minister gives the official approval, work to extract the gold from Tarbela will begin,” Gohar stated.
Gohar further mentioned that Prime Minister Shehbaz Sharif and Army Chief Field Marshal Asim Munir have been formally informed about the discovery, and both responded positively.
He explained that divers had collected soil samples from inside the dam, which were then tested in laboratories to determine the gold content. Based on the analysis, the estimated value of the gold within the dam’s soil is believed to be around USD 636 billion, Gohar added.
Hanif Gohar said that the Water and Power Development Authority (WAPDA) should ideally take charge of starting the gold extraction project. However, if it doesn’t, his company is ready to invest, carry out the extraction work, and hand over the gold to the government.
He added that his team is fully prepared and has already held discussions with dredging experts from the Netherlands as well as partners from Amsterdam and Canada. “If the government gives us the green signal, we are ready to begin work on this project immediately,” Gohar said.
Speaking about his airline, Air Karachi, Gohar announced that the airline will begin domestic operations on March 23, 2026. The company will initially operate with a fleet of three to five Airbus aircraft, and after one successful year of domestic service, it plans to launch international flights.
Gohar also revealed that construction has begun on Hyderabad’s first four-star hotel, which is being built on a five-acre plot.
He emphasized that Pakistan cannot reduce its budget deficit without developing its construction sector, noting that despite challenges and inefficiencies in Karachi, progress on several projects is still underway.
Born in Guwahati, raised in Mussoorie and Delhi, She grew up reading magazines more than textbooks. She is an experienced writer/editor and has shifted focus to various aspects of communication. Her a … Read More
For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest World News on India.com.
Stray dogs to be sent to shelters as top court orders their removal from hospitals, railway stations, and…
‘NDA gained significant lead in first phase’, PM Modi makes big claim after Bihar registers record voters turnout
Shashi Tharoor warns Pakistan’s balancing act between US and China could end badly for Islamabad
Big update in Bilaspur train collision as police registers FIR against…, report says….
Shillong Teer Lottery 1st and 2nd Round Lucky Winning Numbers for November 6 (Thursday) 2025
BIG tension for Pakistan as Russia blasts Pakistani daily for spreading…, what is ‘Russophobic’ Western propaganda?
Massive setback for Shehbaz Sharif and Asim Munir as fresh Gen Z protests emerge in…, not Baluchistan, they are demanding…
MORE tension for Pakistan Ex-PM Imran Khan as Pakistan court issues non-bailable warrant for his sister, reason is…
Donald Trump issues BIG statement on India-Pakistan war, says ‘Not seven, but eight jets were…’, US president also claims…
Imran Khan exposes Pakistan Army Chief, calls Asim Munir mentally unstable and power hungry, accuses Shehbaz government of…
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts Cookies Policy.