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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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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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