Secretary Mines Babar Aman Babar lauds record-breaking auction

The Mines and Minerals Department in Punjab recently conducted an open auction for the lease of mines in the districts of Chiniot and Dera Ghazi Khan, fetching an impressive amount of Rs 1.10 billion. This auction marked a significant milestone as the bids exceeded previous records by a remarkable 120%, showcasing a surge in confidence in Punjab's mining sector. The success of the auction highlights the government's commitment to promoting a fair and competitive environment within the industry.

Secretary Mines, Babar Aman Babar, expressed satisfaction with the outcome, attributing it to the Punjab government's relentless efforts to combat corruption and ensure accountability across all sectors. He praised the active participation of bidders, emphasizing the untapped potential of Punjab's mining resources. The secretary also lauded the auction committees for their diligent work and instructed the Director General Mines to swiftly address all auction-related matters, reinforcing Punjab's stance on transparency and accountability.

In conclusion, the record-breaking auction results not only signify a positive shift in Punjab's mining landscape but also reflect the government's proactive approach towards fostering a conducive environment for the industry's growth. The substantial revenue generated from the lease of mines is expected to contribute significantly to the development and prosperity of the region.