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Why has this French cement manufacturer been found to have close links with ISIS in Syria?

10:27 PM | 22 Jun, 2016
Why has this French cement manufacturer been found to have close links with ISIS in Syria?
ALEPPO (Web Desk) - French firm Lafarge has been accused of making deals with ISIS to protect its cement making business in Syria.

According to reports, Lafarge paid taxes to ISIS to protect its Jalabiya cement works, 95 miles northeast of the Syrian city of Aleppo.

The company, which says its priority has "always been ensuring the safety and security of its staff," bought the site in 2007 before beginning operations there in 2011. But it then went on to make "worrying deals" with ISIS to protect its business interests in the country, according to reports.

The French daily Le Monde wrote: 'Until 2013, production kept up despite the growing instability in the region due to the civil war which began in 2011.'

In 2013, ISIS began taking control of towns and roads around the factory.

Le Monde reported that it had seen letters sent by Lafarge managers in Syria which revealed "arrangements that Lafarge made with the terror group to continue production until September 19, 2014."

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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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