Daily Times

Daily Times

Home |  RSS | Archives | Company Financials | Contact Us | Sunday, November 09, 2008 

Main News
National
Islamabad
Karachi
Lahore
Briefs
Foreign
Editorial
Business
Real Estate
Sport
Infotainment
Advertise
 
Sunday Magazine
 
External Links
Upperhost.com
Best Web Hosting
Remove Security Tool
Jobs in Pakistan
Florence and the Machine Tickets
 
Google


 
Thursday, March 26, 2009 E-Mail this article to a friend Printer Friendly Version

Share this story!  del.icio.us digg Reddit Furl Fark TailRank Ma.gnolia NewsVine Simpy Spurl 

Taliban tap into Swat’s emeralds

LAHORE: As the NWFP government struggles to get approval for a peace deal from the centre – the Taliban in Swat have taken over operations in the valley’s emerald mines, which produce jewels of international quality and were previously controlled by the government. Located in the mountains that ring Mingora, the mines – along with the Panjshir mines in Afghanistan – hold the largest known deposits of emeralds in South Asia. BBC News has reported that the Taliban overtook operations four months ago. “It is for the benefit of the public that we have reopened the mines,” a senior Taliban commander told the BBC. “They are open to anybody who wishes to mine them as long as they follow our rules.” When fully operational, the mines yielded a quarter of a million carats of emeralds between 1978 and 1988. The last official estimate put the projected yield at about 13.2 million carats. Gemstone dealers say that most emeralds range from just under one carat to just over five. Prices range from $1,000 to more than $100,000 for a cut stone. However, workers at the site told the BBC their average daily wage was only about Rs 400 per person. “It’s still a good deal as previously all this was going to waste,” said one worker. Taliban commanders too are positive about its benefits. According to the terms of the deal, the Taliban take one-third of the yield of each set of miners. The costs are shared equally by the Taliban and the miners. The group says it is not directly involved in the operations themselves. But the rules, which include amputation for theft and strict adherence to sharia, mean only those with strong Taliban sympathies are allowed to operate. So far the government has made no move to contest the Taliban’s control of the mines. daily times monitor

Home | Main


Share this story!  del.icio.us digg Reddit Furl Fark TailRank Ma.gnolia NewsVine Simpy Spurl 
PPP saved federation by restoring judges: Gilani
PPP MPAs not ready to work with Shahbaz
US says will continue to work closely with Zardari govt
Govt seeks stay on implementation of SC order against Sharifs
President likely to announce repeal of 17th Amend on 28th
Foreigners killed in drone strike in South Waziristan
US offers $5m reward for Mehsud
LT warns of fresh attacks on Indian Army
Taliban tap into Swat’s emeralds
Obama risks losing ‘half-measure’ Afghan war
Report asks US to identify regional dimension of Pakistan’s security
Nowshera | Receiving end
 
Daily Times - All Rights Reserved
Site developed and hosted by WorldCALL Internet Solutions