ISLAMABAD: The government has approved Rs1.8 billion to bolster security at the multibillion-dollar Reko Diq gold and copper project, addressing rising security concerns in Balochistan.
The Economic Coordination Committee (ECC) approved the funds after thoroughly reviewing the project’s security requirements. The decision aligns with the Security Services Framework Agreement (SSFA) between the Reko Diq Mining Company (RDMC) and the Government of Pakistan, as well as an MoU signed between RDMC and the Frontier Corps Balochistan (South).
Initially, the Ministry of Interior and Narcotics Control sought a Technical Supplementary Grant (TSC) of Rs1.792 billion through the Finance Division. While an initial approval of Rs286.987 million was granted, further deliberations led to the sanctioning of the full amount.
A high-level meeting on February 6, 2025, chaired by the Interior Secretary, finalized the project’s security requirements. Following the ECC’s directive, the funds will be allocated under a dedicated cost center titled “Reko Diq Project Frontier Corps Balochistan (South),” ensuring that the existing Frontier Corps budget remains unaffected.
Under the agreement, RDMC will finance security expenses as part of a “support allowance” covering operational costs, though it will not contribute to the salaries or allowances of Frontier Corps personnel.
The ECC’s approval is expected to enhance security for foreign personnel and facilitate the uninterrupted progress of Pakistan’s largest mineral extraction project.
Meanwhile, Barrick Gold, the primary operator of Reko Diq, continues to explore funding avenues, including a $2 billion investment and advanced satellite technology to accelerate exploration efforts.
