The Statistical Center of Iran says GDP grew by 4.2% in the second quarter of the current fiscal year (June 22-Sept. 22).
The Iranian National Tax Administration’s earnings grew by 60% in the three quarters of the current fiscal year (March 21-Dec. 21) compared to the corresponding period of last fiscal year, says the deputy head of INTA.
Vice President of Iran for Economic Affairs Mohsen Rezaei has said the government is strongly pursuing new strategies to open new ways for the expansion of trade with the world, the portal of Iran’s Trade Promotion Organization (TPO) reported.
The National Iranian Tax Administration earned 1,980 trillion rials ($6.6 billion) from taxation during the current fiscal year’s first eight months (March 21-Nov. 21), says the head of the organization, Davoud Manzour.
The administrative government in Iran has introduced a bill in parliament to remove a heavily subsidized exchange rate which is used to fund imports of staples and medicine into the country.
The Government Trading Corporation (GTC) of Iran says wheat imports into the country would reach record levels in the calendar year to March amid a sharp fall in domestic crop which has been caused by drought as well as by price issues.
Iran’s shoe industry has grown rapidly in the past three years as manufacturers eye to capture a major share of the export markets in neighboring countries.
Iran’s Minister of Industry, Mine and Trade Reza Fatemi Amin said on Sunday that the country’s economy has to go back to levels before the imposition of US unilateral sanctions in 2018.
Iran’s newly appointed chief banker Ali Salehabadi has vowed he would introduce a tight monetary policy to control inflation in the country.
Iran’s Minister of Industry, Mine, and Trade Reza Fatemi Amin said on Saturday that Iran has to focus on exports of commodities that are exported by fewer countries, noting that the country need to enter the field of exports of science-based products.