Thursday, March 21, 2019  
Over 70 percent increase in divestments to the real private sector

Sunday, Mar 11, 2018

Economy Minister Masoud Karbasian said over 70 of the divestments have gone to the real private sector during the tenure of President Hassan Rouhani.

(SHADA: TEHRAN) -- Speaking at an event on the privatization and Justice Shares, Karbasian said: What matters about Justice Shares is the transfer of one million shares to people without getting any money from them, and that the value of these shares today is two and a half times higher than the first day.

The Minister said, despite the efforts made prior to the eleventh government, the status of the shareholders was not clear, noted: In the eleventh and twelfth governments, an electronic system was developed for the Justice Shares, and the profile and information of 49 million shareholders were registered.

The primary goal of privatization, which includes the payment of Justice Shares, has been to reduce the role of government in the economy and make it people-oriented, he stated.

Karbasian added that while most of the privatization in the past was in the form of debt swap, all but two divestments in the current period has avoided that fate.


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