Economy, Business And Markets

New Loans for Exporters

New Loans for ExportersNew Loans for Exporters

Bank facilities to the tune of 2,000 billion rials ($66.87 million at official exchange rate) will be offered to exporters of value-added products and engineering services, says deputy minister of industries, mining and trade, Mojtaba Khosrotaj, adding that the loan servicing fee is set at 6%.

"Trade Promotion Organization, Management and Planning Organization and Export Development Bank of Iran have agreed upon the move to reduce the cost of exports," IRNA quoted him as saying.