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  • 19-12-21

    Government arranges financial package to aid stock exchange

    (MENAFN) IRNA stated based on the head of Iran’s Securities and Exchange Organization (SEO) Majid Eshqi that a 10-part financial package has been arranged for supporting the stock exchange and Finance and Economic Affairs Minister Ehsan Khandouzi will to reveal the package shortly.

    Eshqi stated, “the 10-article package for supporting the capital market has been approved by the Government Economic Coordination Headquarters and the details of the proposals will be announced by Minister of Finance and Economic Affairs.”

    Based on the official, with regards to the stated package, the government will stop a severe increase in the prices of the industrial output fields and is going to also aid Capital Market Development and Stabilization Fund.

    Eshqi also mentioned, along with the specified budget line delivered in the upcoming fiscal year budget bill, the fund is predicted to be given a larger financing, around 10 times the assigned figure in the national budget bill, via the transmission of shares and other funding means so that it can succeed.

    MENAFN19122021000045013568ID1103395327

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