News ID: 277156
Published: 0331 GMT November 22, 2020

Iran attracts $3.8b in foreign investments in seven months: Minister

Iran attracts $3.8b in foreign investments in seven months: Minister
IRNA

Iranian minister of finance and economic affairs said that in the first seven months of the current Iranian year (March 20-October 21), the country attracted a sum of $3.8 billion in foreign investments.

Farhad Dejpasand added, to boost production, we must greatly facilitate doing business so that investors are encouraged to invest more in the field of production, IRNA reported.

He explained that in the past it took 73 days for a company to receive a business permit; but now the time has been reduced to 73 hours.

Dejpasand said that in order to control the rising trend in prices, the government and the Central Bank of Iran (CBI) are seeking to control liquidity.

He added that with the outbreak of the coronavirus, the Ministry of Finance provided facilities to collect taxes in a way that taxpayers can pay their taxes, with fines exempted.

The minister continued that with the mechanization of the country's tax system, the amount of taxes collected in the country has also increased, adding that in the first seven months of the current Iranian year, 100 percent of taxes were collected.

Referring to the Iranian capital market, he said, “Certainly, the Iranian capital market should be more developed than this, and the government has a long-term plan to boost the capital market.”

Dejpasand concluded that in the Iranian economy, the basis of our work is to export our products with more added value, while new technology-based firms (NTBFs) play an important role in this regard.


 

   
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