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

Today is,

Wednesday, 03 June 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
Weather
Articles & Features
World News
Pak-US bilateral talks on security, strategic stability -
WASHINGTON, June 2 (APP): Pakistan and the United States will hold the seventh round of bilateral talks on security, strategic stability  and non-proliferation here today.


UN ship with vital food aid for war-torn Yemen diverted from Aden -
 UNITED NATIONS, June 2 (APP): A World Food Programme (WFP) chartered ship carrying vital food assistance destined for the Yemeni port of Aden was diverted Tuesday to the port of Hudaydah following reports of ongoing fighting and security threats


Javed Malik host reception in honour of diplomats, businessmen -
DUBAI, June 1 (APP):  Ambassador Javed Malik, President of the Diplomat Business
Club based in the United Arab Emirates, Monday hosted a reception in honour of diplomats and businessmen.
     


10 injured after construction crane collapses in NYC -
NEW YORK, May 31 (APP): At least 10 people were injured on Sunday when a construction crane dropped a massive heating and air-conditioning unit nearly 30 stories on a New York City's sidewalk below, officials said.


UN envoy slams death of at least 70 civilians in Syrian city of Aleppo -
UNITED NATIONS, May 31 (APP): UN Special Envoy for Syria, Staffan de Mistura, has strongly condemned the death of at least 70 civilians in Syria’s northern city of Aleppo, reportedly by barrel bombs dropped from government helicopters.


Sport News
Indo-Pak women to clash for BFAME bridge crown
KARACHI, Jun. 2 (APP)- Reigning Champion Pakistan women’s team clashes arch-rival India in the final of 18th Bridge Federation of Asia and Middle East (BFAME) being held in Amman (Jordan) after securing top two positions after round robin league on Monday night.
 
PFF paying special attention to women football
ISLAMABAD, Jun 2 (APP): Pakistan Football Federation (PFF) secretary Col ® Ahmed Yar Khan Lodhi on Tuesday said the federation is paying special attention for the development of women players in the country as we don’t want our footballers to lack behind in the international arena.
 
Over 3000 athletes to participate in first Inter-Provincial Games
ISLAMABAD, June 2 (APP): Over three thousand athletes from all over the country will participate in the 1st Quaid-e-Azam Inter-Provincial Games, scheduled to take place from June 9 to 12 at Pakistan Sports Complex,  Islamabad.
 
Shahnaz Sheikh Hockey Stadium to be ready in December
ISLAMABAD, Jun 2 (APP): Olympian Shahnaz Sheikh said the Hockey Stadium at the Muslim School Rawalpindi will be completed by the end of this year and the Pakistan Hockey Federation (PHF) will be granting a domestic tournament that will be played in December there.
 
Pakistan retains pre-series points after 2-0 win vs Zimbabwe
KARACHI, Jun 1 (APP): Ninth-ranked Pakistan has stayed in touching distance of seventh-ranked West Indies and eighth-ranked Bangladesh in the ICC ODI Team Rankings after completing a 2-0 series victory over Zimbabwe in Lahore.
 
Archive
Latest News
Resistance to 18th amendment still continues:Raza Rabbani - Indian reaction on CPEC exposes its real face: Ch Nisar - Air Chief visits China Central Military Commission and CATIC Headqua... - Finance Minister rejects India\'s contention on CPEC - Pervaiz Rashid sets pre-requisites for Imran to prove claims - Text of Resolution at conference on Balochistan
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.

 
China News
News About China

 

Grievance Commissioner Wafaqi Mohtasib
Grievance Commissioner Wafaqi Mohtasib
Budget 2014-2015
Federal Budget
Highlights 2014-2015
Punjab Budget
Sindh Budget
KPK Budget
Balochistan Budget
A.J.K Budget
Gilgit Baltistan Budget
Elections 2013
Elections 2013 News
Code of Conduct
Code of Conduct
Manifestos of Parties
Manifestos of Political Parties
Economic Survey
Economic Survey 2013-2014
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