IRNA

Pezeshkian vows no energy cuts for industries amid reduced rainfall

President Masoud Pezeshkian says the government has no intention of cutting off water, electricity or gas supplies to industries, despite reduced rainfall in recent years.

Energy

Iran launches fourth South Pars infill gas well, boosting output by 1.8 mcm/day

Iran has brought a fourth infill well at the giant South Pars gas field into operation, increasing gas output from the shared offshore field by 1.8 million cubic meters per day, a project official said.

Energy

Pakistan issues new order to expand barter trade with Iran

The Pakistani ambassador in Tehran urged industrial and business entrepreneurs of both sides to take full benefit of the new order and help expand barter trade.

Trade

3.5 million foreign tourists visited Iran in six months: Minister

Reza Salehi Amiri said that the northeastern city of Mashhad was the top destination for foreign visitors.

Iran Economy

Iran says boosting exports to neighboring countries is a priority

Mohammad Reza Aref said Iran’s border provinces should take the lead in driving regional trade, as the government prioritizes exports and cost-effective imports from neighboring countries.

Trade

Iranian airline launches direct passenger flights between Mashhad and Lahore

Kish Air will operate the route every Saturday, effectively doubling the number of weekly flights from Iran to Lahore.

Transportation

Iran’s iron and steel export volume up 13% in four months

The Iranian Steel Producers Association has announced that iron and steel exports increased by 13% in volume during the first four months of the current Iranian calendar year (starting on March 21) compared to the same period last year.

Mine and Industry

Iran-Pakistan business forum held in Islamabad during President Pezeshkian’s official visit

Officials from both Iran and Pakistan highlighted the need for finalizing a free trade agreement and bolstering connectivity.

Trade

Iran’s exports to Africa hit record high in Q1: Official

The head of the Africa Department at the Trade Promotion Organization (TPO) says Iran’s trade with Africa has seen significant growth this year, with exports and imports both increasing overwhelmingly.

Trade

Expediency Council approves Palermo bill with conditions

Iran’s move to approve Palermo bill is in line with its effort to be removed from the FATF blacklist as the country seeks to eliminate barriers to foreign trade.

Iran Economy