60225
Majlis Sets Foreign Finance Limit at $50b
Majlis Sets Foreign Finance Limit at $50b

Majlis Sets Foreign Finance Limit at $50b

Majlis Sets Foreign Finance Limit at $50b

The parliament has approved a measure on Tuesday to increase the ceiling for using foreign investments in projects, setting the borrowing limit at $50 billion in addition to what is left from previous year’s allocation.
“This is to support companies that attempted to absorb foreign finances and went through a long process. If the directive had not been passed, they would have to start everything from scratch,” the Majlis Joint Commission’s spokesman was quoted as saying by IBENA.
“In addition to previous projects, the limit has been extended to $50 billion,” Mohammad Mehdi Mofatteh added. 
The parliament also allowed the ministries of Science, Research and Technology, Health and Medical education, Energy, Oil, Roads and Urban Development, Sports and Youth, Industries, Mining and Trade, and Agriculture, as well as the Atomic Energy Organization of Iran and Iran’s Cultural Heritage, Handicrafts and Tourism Organization to issue 100 trillion rials ($2.5 billion) worth of participation bonds or sukuk while guaranteeing their repayment.   

Short URL : https://goo.gl/Fpls0T
  1. https://goo.gl/lHLOeS
  • https://goo.gl/4lDBjy
  • https://goo.gl/JK9jsF
  • https://goo.gl/2zvJr1
  • https://goo.gl/uITzfo

You can also read ...

Valiollah Seif
Governor of the Central Bank of Iran said on Wednesday anti-...
Nat’l Virtual Currency in the Offing
Months after the idea was first publicized, it seems that Iran...
5th Indian Wheat Cargo Arrives for Afghanistan in Chabahar
India’s fifth consignment of wheat to be sent to Afghanistan...
Presale Crosses  96,000 Gold Coins
The presale of Bahar Azadi gold coins priced at 14 million...
Lexus’ New Crossover to Break Cover  in March
Lexus will pull the covers off of the production version of...
Spanish Foreign Minister Alfonso Dastis met with President Hassan Rouhani on Feb, 21.
Foreign ministers of the Netherlands and Spain are in Tehran...
The government has required car importers to pay the higher tariffs announced in January.
The government has finally allowed the clearance of imported...
Bank Loans Top $100b in 10 Months
Banks and credit institutions doled out more than 4.62...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus