Iranian parliament to discuss violation of ministries in privatisation process
Azerbaijan, Baku, Apr. 10/ Trend F.Milad/
The Iranian parliament (Majlis) has prepared a report on the violation of ministries and executive bodies in implementing the privatisation process which will soon be discussed, Mehr news agency reported.
According to Mehr, some 850 trillion rials ($76 billion) of shares of state-run entities were transferred to the private sector last year, most of which was related to the Oil Ministry.
Previously, three similar reports have been presented to the Majlis on the performance of ministries in regard to the privatisation process based on Article 44 of the Constitution.
Some 118 trillion rials (around $10 billion) of the Iranian government's equities will be transferred to domestic banks on the stock market through holding tenders, the deputy director of the Iranian Privatization Organisation announced on March 6.
Abolqasem Shamsi Jamkhaneh told Fars news agency that the shares of state-run entities will be divested by the end of the first half of the current calendar year (September 22).
Iran has privatised up to 500 companies during the last six years.