Peshawar, Aug. 25 -- Pakistan's anti-corruption agency NAB (National Accountability Bureau) has expressed serious concerns about alleged irregularities in the auction and extraction of placer gold along the Indus and Kabul rivers, warning that the Khyber Pakhtunkhwa (KP) province may be losing trillions of rupees, Geo News reported.

According to Geo News, NAB maintains that leaseholders have been openly subletting gold blocks and charging between Rs 500,000 and Rs 700,000 per excavator per week. This system allegedly generates Rs750 million to Rs 1.05 billion weekly, while the provincial exchequer receives only a token amount.

Citing official documents, Geo News stated that NAB's inquiry found the reserve price of gold blocks was delibe...