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Iran: Cabinet approves by-law to cede shares of state companies to poor

Tehran, Nov 2, IRNA-The cabinet on Wednesday approved a by-law to cede stocks of the state companies to the poor strata of the society. The cost of the share will be paid off under a 20-year installment.

The cabinet required Ministry of Economic Affairs and Finance to draw up practical procedure for the sale of state companies.

The ministers also assigned Ministry of Welfare and Social Security to identify which category of the society should benefit from sale of state companies. It has two months time to do so.

The program has been envisaged in the context of the Fourth Five-Year Economic, Social and Cultural Development Plan (2005-2010).

... Payvand News - 11/3/05 ... --

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