Iran’s President Pezeshkian seeks $100 billion in foreign investments

Read Time53 Second

With an aim to boost the country’s economy, Iran’s new president Masoud Pezeshkian said that he is seeking some $100 billion in foreign investment to achieve an annual target of 8 per cent economic growth. If the country manages to achieve the target, this would mean a major increase in economic growth from the current rate of 4 per cent.

The proclamation from the Iranian president came in his first live televised interview by the country’s state TV after he won the presidential race in July this year. Pezeshkian suddenly got to lead the country after his predecessor former President Ebrahim Raisi died in a helicopter crash in May.

During the interview, the Iranian leader mentioned that the country needs up to $250 billion to reach its goal. He insisted that more than half of the amount is already available from domestic resources. Pezeshkian laid out the plan after experts stated that growth in GDP of 8 per cent would reduce the double-digit inflation and unemployment rates, the country is currently grappling with.

About Post Author

Diplomat Today

Diplomat Today is a signature magazine of Digital Business Media dedicated to bilateral relations, culture, tourism, trade, economic, special reports for International Business, diplomatic and current affairs, pertaining to relations between India and other countries. Diplomat Today magazine has evolved to become a trusted and ideal platform for sharing comprehensive data on the country specific, economic and policy matters, international relations, latest activities, current affairs and recent news between India and other countries. The magazine copy is available in digital and printed version.

mediamaithili@gmail.com

http://diplomattoday.com