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What happened to discovered gold in Chiniot? Shocking revelations by senior journalist

12:45 PM | 11 Jan, 2018
What happened to discovered gold in Chiniot? Shocking revelations by senior journalist
ISLAMABAD - Around two years ago a discovery of huge gold, silver and iron ore deposits in Chiniot, area of central Punjab, made headlines, but it remains a mystery even today despite the fact that Pakistan drenched in debts.

The remarks were given by senior journalist Arshad Sharif during his program on a private news channel while talking about the facts in the case.

During the program, Sharif played a video clip of 2015 showing former prime minister Nawaz Sharif stating that major reserves of iron ore as well as copper, silver and gold were discovered in Chiniot that could end the country’s “begging bowl” culture.

Senator Saleem Mandviwala, who was in the program as s guest, said that the total debt of Pakistan is about 21.5 trillion US dollars.

The journalist also played another clip showing Chief Minister Shehbaz Sharif stating, "discovery of gold is a blessing of Allah Almighty".

He said that Dr Samar Mubarkiman, a scientist who was assigned the task of processing the Chiniot project also confirmed the presence of gold and silver deposits.

He added that there is no clue for two years regarding the discovered mineral resources, however, a large cache of unrelated gold is being smuggled from Pakistan.

According to an audit report made by Auditor General of Pakistan, an attempt to smuggle foreign currency and gold worth Rs93 million was made in May 2015 at the Lahore airport.

He said that ARY reported the involvement of Mohammad Tofeeq, aka Toffee Butt, in the smuggling case. It added that prime suspect Abdul Basit during interrogation revealed Toffee Butt had given foreign currency and gold to him for smuggling. It said that Butt is considered a close aide of Nawaz Sharif.

Arshad Sharif said that the person who presented one thousand pound cake to Nawaz Sharif on his birthday was, according to Dunya News, Toffee Butt.

According to audit report, Toffee Butt has six concessions at the Lahore airport, besides observing that Civil Aviation Authority (CAA) did not take any action against Butt, who used CAA shops for unlawful activities.

The report further revealed that the CAA informed concerned authorities that the matter fell outside of its jurisdiction.

Mandviwala in reply to a question said that such crimes by Toffee Butt could not be done with the assistance of then prime minister Nawaz Sharif.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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