Islamabad is studying plans to privatise its bankrupt steel maker. But, it needs over $100m and such huge investment is hard to come by in cash-stripped Pakistan. Iran Chamber Newsroom analyses if Iranian private steel makers should invest in PSM.
Iran’s overseas debts have declined from $10.03 billion reported at the end of the fiscal third quarter (Dec. 21, 2018) to $9.3 billion by the end of the fourth quarter (March 20, 2019), indicating a 7% decline.
The Scandinavian country says it’s considering options to be one of the European countries that use the payment channel to continue trade with Iran.
President of the Iranian private sector parliament says the new Italian envoy to Iran should do more to fortify mutual relationships.
New Italian Ambassador to Iran Giuseppe Perrone attended the general assembly of Iran-Italy Joint Chamber of Commerce that was held on Sunday at Iran Chamber of Commerce HQ in Tehran.
National Iranian Oil Company (NIOC) says foreign natural entities can also purchase the Iranian oil that is offered each week on Iranian Energy Exchange in a bid to lure more potential customers for its crude.
The Iranian oil minister said on Sunday that his is confident the Iran’s oil sales will improve in the future despite the US sanctions.
The Indian ambassador to Iran says the situation is ripe and all the groundwork has been laid at Chabahar Port so that a branch of Export-Import Bank of India opens in Iran.
Deputy Foreign Minister Abbas Araqchi says the European financial mechanism has political value but that it needs to meet Iran’s needs to be a fruitful solution.
President of the Iranian payment channel as well as the European special trade vehicle with Iran are being tested by both sides in a bid to pave the way for their first transactions.