58740
30% of IRMF Revenues Spent on Poverty Alleviation
Economy, Business And Markets

30% of IRMF Revenues Spent on Poverty Alleviation

Thirty percent of revenues earned by companies affiliated to the Islamic Revolution Mostazafan Foundation are allocated to poverty alleviation programs.
This was announced by Mousa Barzegari, managing director of Alavi Foundation, an IRMF subsidiary charged with poverty eradication programs. 
Alavi Foundation’s activities include supporting the have-nots by helping them find employment and providing them with social housing, IRNA reported.
According to the head of the foundation, Mohammad Saeedikia, IRMF accounts for 1.5% of Iran’s gross domestic product.
“The foundation’s revenues stood at 169 trillion rials ($4.22 billion) in the eight months of the current Iranian year (started March 20, 2016), about 8% more than last year’s similar period,” he was recently quoted as saying. 
Saeedikia put the total value of IRMF projects at 160 trillion rials ($4 billion) and said plans are afoot to increase the figure to 250 trillion rials ($6.25 billion) in the next three years.
The Islamic Revolution Mostazafan Foundation, established in 1979 to serve “the oppressed and disabled”, has now grown to become one of the largest conglomerates in Iran.

Short URL : https://goo.gl/KmK5pd
  1. https://goo.gl/OQLFfs
  • https://goo.gl/WSPx8r
  • https://goo.gl/WfFmO6
  • https://goo.gl/yjkWGM
  • https://goo.gl/l08tmP

You can also read ...

CBI Outlines Top Priorities
The governor of the Central Bank of Iran, who took the reins...
Non-Oil Trade Value With Egypt Tops 80%
Iran traded 298,616 tons of non-oil commodities worth $128.23...
Colza Production Breaks 30-Year Record
Colza production in Iran since the beginning of the current...
Interest Rate Growth Gathers Pace
Two major banks have been allowed by the Central Bank of Iran...
IKCO to Deliver Presold Peugeot 2008 SUVs
Extending apologies for the prolonged delay in the delivery of...
Domestic Shoe Industry Hit by Raw Material Shortage
Domestic shoe production has declined by over 70%, the head of...
Rail Exports From Qom to CIS Grow 29%
More than 3,403 tons of goods were exported via railroads from...
Infrastructure Gets 10% of National Budget
As little as 10% of the national budget, i.e. less than 400...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus