Iranian armed forces to give up “irrelevant” businesses
Trend:
Iranian Supreme Leader Ayatollah Ali Khamenei has tasked the general staff of the armed forces of the country with privatizing the economic institutions affiliated with army and the Islamic Revolution Guards Corps (IRGC), a high-ranking official said.
The Iranian defense minister, brigadier-general Amir Hatami, told the official Iran daily that the decision seeks to prevent the armed forces form being involved in “irrelevant economic activities”.
“We will do our best [regarding the privatization of firms] but the level of our success depends on the market condition and the possibility of privatization,” he added.
However, the armed forces will continue their activity in the field of development projects as per the government’s needs.
The minister further said that the privatization process of most of the firms affiliated with the defense ministry will be carried out through the capital market.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!