TEHRAN – The minister of finance and economic affairs stated that a directive has been finalized in the administration’s economic commission to ease foreign investment in domestic stock exchange.

Shamseddin Hosseini added that economic growth and welfare in the country must be stable, balanced and just.
Speaking at the opening ceremony of an exhibition on bourse, banking and privatization in Tehran on Tuesday, the minister said that to reach this goal we need sustainable financial resources and developed financial institutions.
Hosseini highlighted the need to modify the banking system and boost its financial structure through attracting foreign investments, especially from Iranian expatriates. To this end, we are taking measures to remove obstacles, he noted.
Meanwhile, we are planning to establish a National Development Fund in which a minimum 20 percent of oil revenues will be deposited and used for granting facilities to the private sector