Iran Chamber of Commerce Seeks Abolition of Command Pricing

EghtesadOnline: Without paying attention to the increasing costs of production, which in many cases is caused by jumps in foreign currency prices, sanctions, unstable laws and regulations, etc., the government has put itself in charge of pricing.

News ID: ۷۵۲۷۰۹

18 July 2023

Without paying attention to the increasing costs of production, which in many cases is caused by jumps in foreign currency prices, sanctions, unstable laws and regulations, etc., the government has put itself in charge of pricing.

The private sector has proposed the elimination of command pricing in the seventh five-year development plan (from the fiscal 2023-24 to 2027-28) in order to restore impetus for investment and boost production.

The upstream document has been submitted to the parliament with a two-year delay. The bill is expected to be approved by legislators by the end of September and before the start of the 2024-25 budget formulation process.