Economy

Cabinet approves general outline of next year’s budget bill

TEHRAN – Iran’s cabinet on Sunday approved the general framework of the government’s budget bill for the Iranian year 1405 starting late March 2026, during a meeting chaired by President Masoud Pezeshkian.
Oil Ministry targets completion of over 1,000 km of gas pipelines by late Mar. 2026

TEHRAN – Iranian Oil Ministry aims to complete and bring into operation more than 1,000 kilometers of gas transmission pipelines by the end of the current Iranian calendar year (late March 2026), Oil Minister Mohsen Paknejad said, underscoring efforts to strengthen energy security during periods of peak demand.
Iran, Pakistan push for joint trade committee, $10b trade target

TEHRAN – Iranian and Pakistani business representatives agreed to pursue the creation of a joint trade committee and work towards boosting bilateral trade to $10 billion, during a meeting in Karachi aimed at strengthening private-sector cooperation and facilitating cross-border commerce.

Iran-South Korea Chamber of Commerce members meet South Korean ambassador

TEHRAN- During a meeting between the members of the Iran-South Korea Joint Chamber of Commerce and the South Korean ambassador in Tehran, the sides reviewed the latest status of bilateral relations between Iran and South Korea, and emphasized the necessity of strengthening cooperation in economic and cultural fields, the chamber reported.
Non-oil goods worth over $4b exported from Khuzestan in 8 months

TEHRAN- As announced by a provincial official, 13.7 million tons of non-oil commodities valued at $4.141 billion were exported from Khuzestan province, in the southwest Iran, during the first eight months of the current Iranian calendar year (March 21-Novemebr 21).
Cabinet approves general outline of next year’s budget bill

TEHRAN – Iran’s cabinet on Sunday approved the general framework of the government’s budget bill for the Iranian year 1405 starting late March 2026, during a meeting chaired by President Masoud Pezeshkian.
Iran, Pakistan push for joint trade committee, $10b trade target

TEHRAN – Iranian and Pakistani business representatives agreed to pursue the creation of a joint trade committee and work towards boosting bilateral trade to $10 billion, during a meeting in Karachi aimed at strengthening private-sector cooperation and facilitating cross-border commerce.
Oil Ministry targets completion of over 1,000 km of gas pipelines by late Mar. 2026

TEHRAN – Iranian Oil Ministry aims to complete and bring into operation more than 1,000 kilometers of gas transmission pipelines by the end of the current Iranian calendar year (late March 2026), Oil Minister Mohsen Paknejad said, underscoring efforts to strengthen energy security during periods of peak demand.
By Mahnaz Abdi

Maritime-oriented economy a unique opportunity for Iran: PMO head

TEHRAN- In a meeting held on Sunday, Saeed Rasouli, Head of Iran’s Ports and Maritime Organization (PMO), presented a comprehensive vision for developing Iran's maritime economy. He characterized it as a unique and underutilized opportunity for national development.
Tehran hosting intl. transport, logistics exhibition

TEHRAN – The ninth International Exhibition of Transport, Logistics and Related Industries opened in Tehran on Sunday, bringing together private companies, investors and technology firms as the government seeks to strengthen the country’s role in regional transit corridors through productivity gains and smart solutions.
Iran’s free zones attract $461m in foreign investment in 8 months

TEHRAN – Iran’s free trade and special economic zones attracted $461 million in foreign investment in the first eight months of the current Iranian year (March 20-November 21), up 695 percent from the same period last year, the secretariat of Iran’s Free Zones High Council said.
TPO to hold conference on trade opportunities with India

TEHRAN – Iran’s Trade Promotion Organization (TPO) will hold its second conference on understanding the Indian market and trade opportunities later this month, as officials and business representatives assess ways to expand Iran’s limited share of one of the world’s largest economies.
Tehran, Astana determined to expand economic cooperation

TEHRAN- Mohammad Ali Dehghan Dehnavi, Iranian deputy industry, mining, and trade minister and the head of Iran’s Trade Promotion Organization (TPO), said the visit by President Masoud Pezeshkian and a senior delegation to Kazakhstan reflects the two countries’ determination to expand broad-based economic cooperation.