‘Lack of strategic roadmap a hurdle to economic growth'

TEHRAN – The head of the Iranian parliament’s economic committee has said lack of a strategic roadmap has been the main hurdle in the way of the country’s economic development, IRIB reported.

Iran could face a $71b budget deficit in current fiscal year: MP

TEHRAN – Head of the Iranian Parliament’s Economic Committee has said the country could face up to three quadrillion rials (about $71.4 billion) of budget deficit in the current Iranian calendar year (ends on March 21, 2022), Mehr News Agency reported on Sunday.

Stock market to get back on track this year: MP

TEHRAN - Mohammadreza Pour-Ebrahimi, the chairman of the Iranian parliament’s economic committee has said that the stock market is going to follow a positive trend in the current Iranian calendar year (started on March 21).

By Mahnaz Abdi

Banking system reform: improving or interrupting?

Last week, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced that a plan for reforming the country’s banking system has been prepared by the ministry and handed over to President Rouhani in late September.

Rouhani is not entitled to make changes to the JCPOA, says top MP

TEHRAN – A top lawmaker has said President Hassan Rouhani is not entitled to make any changes to the text of the Joint Comprehensive Plan of Action (JCPOA), a nuclear deal struck in 2015 between Iran and six world powers.

‘Iran’s economy strong enough to withstand U.S. sanctions’

TEHRAN – A member of Majlis Economic Committee said on Tuesday that the country’s economy has the capacity to pass through the unjust U.S. sanctions, IRIB reported.

‘INSTEX is useless at resolving economic problems’

TEHRAN – INSTEX is a useless mechanism that cannot resolve Iran’s economic problems created by U.S. sanctions, an Iranian lawmaker said on Sunday.

‘Iran to initiate new economic transactions despite U.S. will’

TEHRAN- Iran is to kick off new economic transactions with other countries despite the will of the U.S. that wants to cut Iran’s economic ties with the world, the chairman of Economic Committee of Majlis stated.

‘Integrated forex market to be launched in a month’

TEHRAN- The chairman of the Economic Committee of Majlis announced that an integrated forex market will be launched in the country by the end of current Iranian calendar month of Khordad (June 21), IRNA reported.

Structural reform to be explored in weeks: MP

TEHRAN – An Iranian lawmaker said on Monday structural reforms recommended by the Leader of the Islamic Revolution Ayatollah Ali Khamenei will be put on the agenda of the Supreme Council of Economic Coordination over the next couple of weeks. 

Over $924m of state-owned shares divested since last March

TEHRAN- Iranian Privatization Organization (IPO) has offered 38.826 trillion rials (about $924.4 million) of state-run shares to the private sector since the beginning of the present Iranian calendar year 1397 (March 21, 2018), IRNA reported.

Economy Ministry to form anti-sanctions office

TEHRAN – Chairman of the Majlis Economic Committee announced on Tuesday that the Economy Ministry plans to establish an anti-sanctions office in a bid to counter the latest U.S. economic sanctions against Iran.