State-run companies to be privatized in order

June 18, 2018 - 10:28

TEHRAN- Not being capable of offering all the available state-run companies to private sector by the end of the present Iranian calendar year (March 20, 2019), Iran will do the job and pricing procedures incrementally and regarding the market’s priorities, an official from Iran’s Privatization Organization (IPO) told IRNA on Sunday.

According to Zohreh Alipour, there are 630 governmental organizations ready to be offered to the private sector but the job will not be fully implemented by March 2019.
Earlier in late May, IPO published the list of the enterprises that their shares are planned to be transferred to the private sector by the end of current Iranian calendar year.
Implementation of privatization plan aimed at more productivity, investment making, job creation, promotion of trade balance, more competition in domestic economy, and reducing financial and management burden on the government has been under the spotlight in Iran over the past decade.
The law on implementation of the general policies of the Article 44 of Iran's Constitution on privatizing state-owned companies was declared in 2006 in a bid to downsize the government and promote the private sector’s role in the national economy.
The government envisioned a large privatization program in the Fifth Five-Year National Development Plan (2010-2015), aiming to privatize about 20 percent of the state-owned firms each year. Under the present interpretation of the Article 44, some state-owned companies have been privatized to reduce their financial burden on the country’s budget and also increase their productivity.
HJ/MA

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