Tuesday, 11 May 2021 05:31 GMT

Iran says USD30.2B value of government properties transferred to private sector

( MENAFN )IRIB quoted Iranian Finance and Economic Affairs Ministry as saying that more than 1.27 quadrillion rials (USD30.2 billion) value of government properties and assets were transferred to the private sector in the past Iranian year.

In the last year 350 trillion rials (USD8.33 billion) of the revenues gained from the privatization program was put into the treasury of which 320 trillion rials (USD7.6 billion) was earned form offering the state-owned companies’ shares through exchange-traded funds (ETFs), stated Farhad Dejpasand in a parliament open session.

Dejpasand stated that offering the shares of state-owned companies, which are set to be privatized, will be sped up.

The government should alter its policies and methods of setting the prices and transferring the shares in the process of privatization, he added.

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