Export Companies to Get $150 Million in New Loans

Iran’s Trade Promotion Organization has instructed banks to lend 40 trillion rials ($148 million) in working capital loans to exporters.
The lending is part of an incentive package designed to support non-oil export in the current fiscal year that ends in March 2022.
Half of the funds are will be procured from the National Development Fund of Iran, the sovereign wealth fund, according to Alireza Payman-Pak, the newly appointed TPO chief.