17881
Plan to Increase Cigarette Production
Economy, Domestic Economy

Plan to Increase Cigarette Production

The Iranian Tobacco Company (ITC) plans to increase production by 66% to 15 billion cigarettes in the current Iranian year (started March 21), ISNA reported. The ITC produced more than 1.7 billion cigarettes in the first two months of the current year, indicating a 53% growth compared with the similar period of last year. Based on statistics released by Iran’s Customs Administration, Iranians smoke 60 billion cigarettes per year, only one-sixth of which is produced domestically. ITC is the country’s major cigarette manufacturer.  Last year, the company had planned to increase production to 24 billion cigarettes, but managed only to produce 10 billion.

Short URL : http://goo.gl/Cln8rT

You can also read ...

Forex Rates Tumble
The Central Bank of Iran’s measures, namely to issue...
Iran to Send More Flour to Iraq via Russia Wheat Deal
Iran is negotiating a wheat import deal with Russia that would...
Gov’t Earned 150% More From Tax Than Oil Last Fiscal
The government earned 150% more from tax than from oil in the...
$660m Allocated to Modernize Irrigation Systems
The government has allocated 31.17 trillion rials ($660...
Iran’s currency had lost a quarter of its value in six months, sliding to a record low of 49,000 last week.
Governor of the Central Bank of Iran Valiollah Seif defended...
Lawmakers expressed concerns that the government is becoming increasingly dependent on raising money by issuing debt to cover widening budget deficits.
The government has issued over 300 trillion rials ($6.4...
Parliament Okays Rise in Cigarette Tax
Cigarette tax will increase in the next fiscal year (starting...
Mineral Water Exports Hit $25m
More than 21,000 tons of mineral water worth $25 million were...

Trending

Googleplus