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Iran's executive, legislative officials endorse privatization plan.

BBC Monitoring International Reports

| July 05, 2006 | COPYRIGHT 2001 BBC Monitoring. (Hide copyright information)Copyright

(From BBC Monitoring International Reports)

Text of report in English by Iranian Mehr news agency in English

Tehran, 5 July: Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamene'i issued an executive order on Sunday [2 July] for privatization of state companies as envisaged by Article 44 of the Constitution.

President Mahmud Ahmadinezhad said that the executive order issued by the Leader aims to distribute the national wealth among people from all walks of life and to reduce the social gap, IRNA reported.

At a cabinet meeting on Wednesday, the president expressed appreciation for the Supreme Leader's good will in forwarding the general policies of the action plan and directing the government to cede part of the shares of state-owned enterprises to the people.

Ahmadinezhad said that Ayatollah Khamene'i's executive order …

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