TEHRAN: Iranian President, Hassan Rouhani, said that the country’s dependence on oil revenues will drop to its lowest level ever in the current Iranian year (which began on March 21).
Addressing military top brass in the Iranian capital, Tehran, Rouhani added that his administration succeeded in fulfilling its commitments over the past two years despite financial problems caused as a result of sanctions imposed on the country over its nuclear program and a slash in oil prices.
He added that some neighboring countries have hatched a plot to reduce oil prices, but their move has backfired on them.
The Iranian president noted that his administration also managed to increase the budget for the country’s development over the past two years.
Iran holds the world’s fourth-largest proven crude oil reserves and the second-largest natural gas reserves.
Oil prices have nearly halved since the summer of 2014, and currently stand slightly above 60 dollars per barrel.
Rouhani further said poverty and unemployment are major causes of insecurity in the society and called for eradicating them.
He added that all Iranian citizens are equal before the law, saying, “Civil rights are the same for all. All are Iranians and equal to the law.”
Rouhani emphasized that all those who are residing in Iran, including tourists, enjoy safety thanks to efforts by the Iranian police personnel.
He called on the police to cooperate with the administration in achieving economic prosperity and progress.
Pakistan to get $3b loan from Islamic Trade Financing Corporation
ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...
