Business And Markets
0

TPO Says More Commercial Cards Could Be Deactivated

TPO Says More Commercial Cards Could Be Deactivated
TPO Says More Commercial Cards Could Be Deactivated

The Trade Promotion Organization of Iran will suspend commercial ID cards of 350 exporters who repatriated less than 70% of their earnings, the TPO head said.  
Last month, the TPO gave exporters until Sep.21 to fulfill their export earnings commitments otherwise their commercial cards would be suspended. 
The timeline for non-manufacturing export companies that repatriated less than 30% of their liability was Sept. 5, according to Hamid Zadboum, IRNA reported. 
Zadboum said the organization has suspended the commercial cards of 320 export companies who missed the Sep.5 deadline.  

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com