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Iran projects increase in economic growth

Business Materials 29 March 2022 09:17 (UTC +04:00)
Iran projects increase in economic growth

TEHRAN, Iran, March 29. Iran is predicting 3 percent economic growth and plans to develop knowledge-based companies to accelerate progress, said the head of parliament economic commission Mohammad Reza Pourebrahimi, Trend reports citing Fars News Agency.

"The parliament is pursuing economic reform and the main issue is to control the inflation to have economic growth," he said.

Iran's trade balance has become positive in the last Iranian year (started March 21, 2021) and the agenda is to reach 3 percent economic growth in the current Iranian year (started March 21, 2022).

According to the official, Iran's oil export revenues have increased but the parliament aims to reduce reliance by boosting domestic production and knowledge-based companies.

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