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Minister of Economic Affairs and Finance at the 97th meeting of the Government-Private Sector Dialogue Council: By October 1, several project funds including public and private projects will be activa

Minister of Economic Affairs and Finance at the 97th meeting of the Government-Private Sector Dialogue Council: By October 1, several project funds including public and private projects will be activa

Author: invest admin/Wednesday, August 5, 2020/Categories: En-News

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Speaking at the 97th session of the Government-Private Sector Dialogue Council, the Minister of Economic Affairs and Finance said: "We were able to open a single physical window for starting a business thanks to the government's cooperation with the private, cooperative and non-governmental sectors in implementing the law on removing barriers to production." Let's launch.

According to the Iranian Economic and Financial News Network (Shada), Mr. Farhad Dejpsand(Phd) said: This single window was first launched in Tehran and then last week in four other provinces, and according to the plan, 12 provinces per week government and The rest of the provinces will be completed by the end of October.

He said: "One of the measures that is implemented with the effective cooperation of the private sector in order to deepen the capital market is to increase the initial public offering." In this regard, there is a readiness to admit 50 private companies to the stock exchange by the end of the year.

The Minister of Economy stated: In the first four months of this year, we had an initial supply of thirteen thousand and seven hundred billion tomans in the capital market, while this figure for the whole of 2019 was about five thousand and three hundred billion tomans.

Mr. Farhad Dejpsand (Phd) stated: Last week; For the first time, we had two initial public offerings on the Iranian stock exchange and securities, and God willing, we will continue this trend.

He stated that increasing the buoyancy of stock companies; Another indicator is considered by the government, he said: "Therefore, our effort is for companies that are listed on the stock exchange or are currently listed on the stock exchange to increase the buoyancy of their shares."

Mr. Dejpsand reminded: "Fortunately, in this regard, we have received a very important resolution from the government, which obliges all state-owned companies and non-governmental public institutions to increase the floating percentage of their shares on the stock exchange to at least 25 percent."

He added: "One of the reasons we are seeing an increase in the number of vessels these days is because of this decree."

The Minister of Economy continued: "We have submitted a two-emergency bill to the Islamic Consultative Assembly, which we hope will be approved this week; That is, companies that raise capital and their current shareholders waive their preemptive rights; A 20% increase in their capital is subject to zero rate tax.

He announced: By the first of October, several project funds, including public and private projects, will be activated.

In conclusion, the Minister of Economy said: "Our advice to those who want to be listed on the stock exchange as buyers, apart from trusting the supervisory body of the stock exchange organization, is not to forget the principle of" study, consulting and trading "and Do not make emotional decisions whether to enter or leave the market.
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