Home arrow News arrow National arrow Gemstones of Rs. 500 mln extracted annually from Gilgit-Baltistan
 

Today is,

Tuesday, 01 September 2015

 

Home | About Us | News | User Login | Jobs | Employees | Contact Us | Tender Notices
Untitled Document
Main Menu
Home
News
Blog
Links
Search
Contacts
News Section
National
World
Sport
Business
Forex
Cultural
Weather
Articles & Features
World News
President arrives in China on four-day official visit -
BEIJING, China, Sep 1 (APP): President Mamnoon Hussain arrived here Tuesday on a four-day official visit where he will meet the country's leadership and attend an event related to China's victory in World War II.


UN chief again urges India, Pakistan to resume dialogue following latest firing incidents -
UNITED NATIONS, Aug 31 (APP): United Nations Secretary-General  reiterated his call on India and Pakistan Monday to resume dialogue  to defuse tensions along the Line of Control (LoC) in disputed Kashmir region and working boundary after an exchange of fire at the weekend resulted in the death of a number of civilians.



Virginia Governor commits to hire more Pakistani-Americans in his administration -
VIRGINIA (US), Aug 31 (APP): Thousands of Pakistani Americans  and their friends attended the annual Pakistan Festival USA on Sunday  to mark the country's 69th Independence Day in a befitting manner.


UN chief 'deeply regrets' Egyptian court decision to uphold sentences of Al Jazeera journalists -
UNITED NATIONS, Aug 31 (APP): United Nations Secretary-General  Ban Ki-moon has expressed 'deep regret' over the decision by the  Egyptian court of Cassation to uphold the sentencing of several Al  Jazeera journalists and has reiterated his appeal for their cases to  be resolved expeditiously and in accordance with the country's  international obligations to protect free expression.


Chinese funding to help IPU support new development agenda -
UNITED NATIONS, Aug 31 (APP): The Inter-Parliamentary Union (IPU) has welcomed the decision by China to provide US $ 1.5 million in new funding to the Organization in its work to strengthen parliaments and better prepare them for the implementation of the new sustainable development agenda.


Sport News
Ajmal ready to make a come back in national T-20 tournament ISLAMABAD, Aug 31 (APP): Pakista
ISLAMABAD, Aug 31 (APP): Pakistan's top spinner Saeed Ajmal has said that he was all ready to bowl for Pakistan once again in the National Twenty20 Championship next month.
 
National T20 at Rawalpindi from Tuesday
RAWALPINDI, Aug 30 (APP): Pakistan Cricket Board (PCB) on Sunday launched the Cool & Cool presents Haier Q8 Twenty-20 Cup 2015-16 at the Pindi Cricket Stadium here.
 
Tennis coaching camp concludes
ISLAMABAD, Aug 30 (APP): Asian Tennis Federation had sent a qualified Tennis coach Axe Mansaman of Thailand to impart coaching and modern games techniques to some 22 junior players in the camp at POF Wah tennis courts.
 
Pakistan to participate in Asian Women Netball
ISLAMABAD, Aug 30 (APP): Pakistan will be participating in the Asian Women Netball Championship to be staged in Hong Kong from December 12.
 
Pakistan to chip in Asian Baseball Championship
ISLAMABAD, Aug 30 (APP): Pakistan will be participating in the Asian Baseball Championship to be staged in Taiwan from September 16.
 
Archive
Latest News
PML-N wants indiscriminate accountability of corrupt elements: Saira - Operation continuing throughout country against terrorists: Musadik - Overseas Pakistanis right to vote: Senate body seeks final report by... - Rabbani for declaring 2016 child rights\' year - Tenure of Tax Reforms Commission (TRC) extended for 90 days - Operation Zarb-e-Azb appreciated internationally: Fatemi
Gemstones of Rs. 500 mln extracted annually from Gilgit-Baltistan PDF Print E-mail
HTML clipboard

ISLAMABAD, Feb 7 (APP): Around Rs. 500 million value of gemstones are extracted annually from Gilgit-Baltistan and efforts are underway to explore other precious minerals.It has been confirmed that nearly all valleys in Gilgit-Baltistan are shedding gold and base metals but the need is investment to explore them in order to change fate of the area. As per surveys conducted for gold and base metals carried by Pakistan Mineral Development Corporation (PMDC) and on the basis of Geo-chemical and hard rock samples, around 11 prospect areas confirmed gold value ranging from 0.10 to 24 Parts Per Million (PPM) in hard rock while 5 PPM gold is economical in the world, Tourism and Mineral Department official in GB told APP here Sunday.

The official said a total number of 3947 geo-chemical stream sediment samples were collected from less then one sqkm to 250 sqkm, covering 45,500 sqkm gold anomalies alone counted over 100, ranging in content from 5 PPM to 300 PPM. Around 500 samples were collected from hard rock including river floats and out crops.

A total of 50 samples pertaining to 10 areas conform gold values ranging from 0.10 ppm to 24.0 ppm according to laboratory reports, the official said and added the gold washers still recover gold from placer deposits of Gilgit-Baltistan.

The area is also rich with white colour Marble deposits of Shigar (Skardu), Nasirabad (Hunza) and Gupis (Ghizer) which are considered to be of international standard.

The other gemstones which are extracted from the area include Ruby, Emerald, Sapphire, Aquamarine, Tourmaline, Garnet, Fluorite, Pargasite, Spinal, Zircon, Topaz, Berylspar, Corundum, Marganite, Serpentine, Sulpher, Moonstone, Amethyst.

The official said local administration was taking a major policy initiative to expand mineral sector of Gilgit-Baltistan and also encouraging local as well foreign investment in the sector.

Accordingly, many exploration licenses and mining leases have been granted to national and foreign investors and more applications for licenses are under process.

 
defenceday.jpg
weather-news.png
China News
News About China
Cultural News
Cultural News

 

Budget 2015-2016
Federal Budget
Budget Highlights
Punjab Budget
Sindh Budget
KPK Budget
Balochistan Budget
A.J.K Budget
Gilgit Baltistan
Grievance Commissioner Wafaqi Mohtasib
Grievance Commissioner Wafaqi Mohtasib
Elections 2013
Elections 2013 News
Code of Conduct
Code of Conduct
Manifestos of Parties
Manifestos of Political Parties
Economic Survey
Economic Survey 2014-2015
Presidential address to the joint sitting of parliament
Presidential address to the joint sitting of parliament
Profiles
Profile of the President
Profile of Prime Minister
Profiles of Chairman and deputy Chairman Senate
Profiles of Speakers and Deputy Speakers
Profile of Governors
Profiles of Chief Ministers
Profiles of Federal Ministers
Portfolios of Federal Ministers
Portfolios of Provincial Ministers
Parlimentary Proceedings
National Assembly
Senate
Latest News