Gold Resources in Pakistan: A content analysis of a case of Reko Diq Mine

Abstract

Pakistan's economy suffered greatly because of the Riko Dig project's cancelation, which also exposed serious weaknesses in the administrative and regulatory frameworks governing the mining sector. Despite the immediate demise of a sizeable foreign investment, the incident revealed a lack of accountability and openness in the decision-making procedures, undermining potential investments in the industry and undermining confidence in potential foreign investors. In addition, the project's cancellation harmed the local economy, especially in the province of Baluchistan, where there was a lost chance to boost the economy and create jobs. The proposal promised to boost wealth in the area and create thousands of employments. The local communities were let down, compounding the economic inequality in the area, as they had expected a portion of the project's revenues. The legal standing of gold mining operations in Pakistan raises environmental concerns in addition to economic ones. Degradation of the environment in areas affected by mining has been facilitated by the lack of strong rules and efficient monitoring systems. The possible effects of the Riko Digging project on the environment, including as the depletion of water resources and pollutants from mining operations, have drawn criticism. This emphasizes how urgently we need a robust legal framework that protects the environment and ensures a balance between growth and ecological preservation while also facilitating economic progress.

 Keywords:  Pakistan, Geographic, Gold, Complex, Reserves, Deficiency, Mining technology, Gilgit-Baltistan, Significance