The country's liquidity must be directed towards production

The country's liquidity must be directed towards production
  • 2020-06-29
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Director General of the Investment and Financing Office of the Ministry of Industry, Mines and Trade: The country's economic situation and limited financial resources require us to move towards the use of new financial instruments, and we believe this is not a choice but a requirement for the manufacturing sector.

According to the International Iranian Stone Exhibition, "Nematullah Shahbazi" in a video conference meeting with the planning deputies of the provincial industry, mining and trade organizations added: in order to help the production sector and fulfill the slogan "production jump", up to 100 production units from To be accepted on the stock exchange or to be financed through this market.

He stated: "According to the decree of the heads of the forces and the care of the Supreme Leader of the Revolution, any company that enters the stock market this year, the financial background of its previous years will not be examined in any way."

The Director General of the Investment and Financing Office of the Ministry of Industry also said regarding the facilities to the production sector: Banks and the National Development Fund have each brought five thousand five hundred and forty billion tomans for the eighteenth note, which is a total of eleven thousand eight hundred billion tomans. Eighteen are allocated nationwide.

He continued: So far, eight hundred and thirty-four production units with the amount of four thousand and seven hundred million tomans have succeeded in using these resources.

Shahbazi said: the provinces of Tehran, Isfahan, Alborz and Markazi have the highest payments from the place of note eighteen in the production sector.

Criticizing the slow process of payment of facilities in the provinces, he said: "Considering that the sources of these facilities have been determined, the speed of payment by banks should be increased and the provinces should follow this issue more seriously."

* IRNA