Iran’s Minister of Industry, Mine and Trade has reiterated the government’s commitment to supporting small and medium-sized enterprises (SMEs), stating that all industrial loan facilities this year are exclusively designated for them.
Iran’s tax revenues rose by more than half in the calendar year to late March amid efforts by the government to diversify the economy and reduce its dependence on oil exports.
The Newly appointed economy minister said his top priority is to strengthen the country’s real private sector and expand public participation in the economy.
Iran’s customs offices are operating round-the-clock to ensure uninterrupted trade flows despite ongoing attacks on the country by the US and Israel, a senior business leader said on Sunday, emphasizing that exports and imports remain unaffected.
Iranian members of parliament gave a vote of confidence to President Masoud Pezeshkian’s pick for minister of economy.
Minister of Industry, Mine and Trade, Mohammad Atabak, underscored the government’s commitment to greater cooperation with the private sector on Monday during a meeting with senior officials from Iran’s Chamber of Commerce in Tehran.
A senior Iranian private sector leader says that boosting domestic production and expanding exports are critical for achieving the government’s 8% economic growth target under the Seventh Development Plan.
Iran has reported a further rise in its annual inflation rate in May despite the government’s efforts to control the prices.
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.
The Governor of the Central Bank of Iran stated that the removal of four zeros from the national currency is among the Central Bank’s priorities for this year.