INSUBCONTINENT EXCLUSIVE:
TEHRAN - Hossein Qorbanzadeh, head of the Iranian Privatization Organization (IPO), has said in order to get better outcomes from the
privatization programs, the government must diversify methods for handing over state-owned companies to the private sector.Speaking to IRNA
on Friday, Qorbanzadeh said the previous government did not pay enough attention to reforming the structure of previously implemented
privatization programs, and the companies were not also properly prepared for the transfer.The official noted that IPO is currently
than 900 companies have been handed over to the private sector; and although some have not performed well, most of them have been very
entrust unprofitable companies that are managed in an unfavorable way to capable managers and then when the entity reaches a stage of
organization further noted that the government cannot be indifferent to the companies that have been handed over to the private sector;
Rather, these entities should be carefully watched over in the direction they will move in the future.Elsewhere in his remarks, Qorbanzadeh
said that based on the national budget bill for the current Iranian calendar year (started on March 21), the government is expected to gain
710 trillion rials (about $2.5 billion) from selling assets directly, while 1.3 quadrillion rials (about $4.65 billion) is going to be
gained from transferring shares to various organizations.EF/MA
