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SHIRSENDU KARMAKAR
Iran needs more than $100 billion in foreign investment: Prez Pezeshkian Pezeshkian in his interview complained about the sanctions and said his administration plans to reduce inflation, which is running at more than 40% annually, if we solve our problems with neighbours and the world Iran's president said Saturday his country needs some $100 billion in foreign investment to achieve an annual target of 8% economic growth up from the current rate of 4%. The remarks by Masoud Pezeshkian, who was elected in July, came in his first live televised interview by state TV. Pezeshkian said Iran needs up to $250 billion to reach its goal but more than half is available from domestic resources. Experts say growth in GDP of 8% would reduce double-digit inflation and unemployment rates. ©SHIRSENDU KARMAKAR #Iran
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