Author Archives: pars

Nearly 60 FDI Plans Approved in Q1

TEHRAN ( Iran News ) – In the first quarter of the current Iranian year (March 20-June 20), 58 foreign direct investment (FDI) plans worth $832.6 million were approved in Iran, according to a report by the Ministry of Industry, Mine and Trade. A total of 26 plans of the industry, mine and trade sector, with a total value of $467 million, has the lion’s share among the approved projects, reported shatanews.ir.

Chabahar-Zahedan Railroad to Create Capacity for Goods Transit

TEHRAN ( Iran News ) – The inauguration of the Chabahar-Zahedan railroad, in southeastern Iran, will create an $80-billion capacity for goods transit, said the director-general of Sistan and Baluchestan Province’s Ports and Maritime Department on Monday. Behrouz Aqaei added the Chabahar-Zahedan railroad connects states on the rims of the Sea of Oman and the Indian Ocean as well as East Africa to the CIS countries, Russia and Eastern Europe, IRNA reported.

President: Unity, Cooperation Needed for Resolving Economic Problems

TEHRAN ( Iran News ) – President Hassan Rouhani of Iran has stressed that cooperation, unity, and amity among three branches of the government is crucial for resolving tough economic problems and improving people’s living condition. The president made the remarks on resolving the problems while addressing in a meeting of the Supreme Council of Economic Coordination of Three Branches of Government on July 13, Mehr News Agency (MNA) reported. He said his administration is determined to cooperate with two other branches of the government (legislative and judicial bodies) for resolving economic problems facing Iranian nations due to severe sanctions imposed on the country by US as well as the spread of coronavirus throughout the country