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.
Figures by Iran’s ministry of industries (MIMT) shows home appliances production in the country kept growing at a robust rate in the first five months of the current calendar year to reach over 2.61 million units.
Rain-fed barley farms have suffered 30-40% of losses due to low precipitation levels and water shortage across the country, says the director general of Grains and Essential Goods Production Bureau with the Agriculture Ministry, expecting production to decline this year.
Iran has posted positive economic growth in the first quarter of the fiscal year (March 21 – June 22), according to separate reports by two sources.