ID :
154357
Wed, 12/22/2010 - 13:57
Auther :
Shortlink :
https://www.oananews.org//node/154357
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'Iran subsidy reform plan to boost investment in FTZs'
TEHRAN, Dec. 22 (MNA) -- Iran subsidy reform plan will boost investment in the free trade zones, the Managing director of Kish Free Zone Organization said here on Tuesday.
Mohammad-Ali Mohebbi said that, “with implementation of the plan the capacities of the free trade zones will be revealed.”
The implementation of the subsidy reform plan began on Sunday, in line with a directive issued by President Mahmoud Ahmadinejad.
The subsidy reform plan calls for the subsidies on fuel, electricity, and certain goods to be cut over the course of five years. The administration has decided to pay cash subsidies for an undetermined period of time to compensate low-income families for the inflationary repercussions of the plan.
The initial stage of the plan started last month when the administration began depositing cash payments into the bank accounts of citizens.
Mohammad-Ali Mohebbi said that, “with implementation of the plan the capacities of the free trade zones will be revealed.”
The implementation of the subsidy reform plan began on Sunday, in line with a directive issued by President Mahmoud Ahmadinejad.
The subsidy reform plan calls for the subsidies on fuel, electricity, and certain goods to be cut over the course of five years. The administration has decided to pay cash subsidies for an undetermined period of time to compensate low-income families for the inflationary repercussions of the plan.
The initial stage of the plan started last month when the administration began depositing cash payments into the bank accounts of citizens.
