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Iran’s parliament forms committee for capital market

Business Materials 12 October 2022 17:57 (UTC +04:00)
Iran’s parliament forms committee for capital market

TEHRAN, Iran, October 12. The Economic Commission in the Iranian Parliament has approved to form a specialized committee for the capital market in ten days, said the chairman of the Economic Commission Mohammadreza Pour Ebrahimi, Trend reports citing Mehr News Agency.

The specialized committee aims to encourage stock companies to increase profit and capital in the stock exchange and discuss issues such as pricing, Ebrahimi said.

The following committee is expected to consider the necessity for capital growth that would be on the agenda for the budget plan in the next Iranian year (starts March 21, 2023), he noted.

The budget bill for next year would suggest incentives for supporting stock companies and an increase in profit and revenues.

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