IFP Exclusive

Iran’s Economy Minister Sacked by Parliament

Iran’s Minister of Economic Affairs and Finance Masoud Karbasian could not survive an impeachment by the Iranian Parliament and will have to leave his office.

Karbasian failed to win a vote of confidence during his impeachment session on Sunday and left the ministry.

137 lawmakers voted in favour of Karbasian’s dismissal, while 121 other MPs voted against the plan. Two legislatorsalso abstained from voting.

Karbasian is the second minister impeached by the parliament within the plast few weeks. Before him, Minister of Cooperatives, Labour and Social Welfare Ali Rabiei was removed from the cabinet on August 8.

Karbasian was chosen as economy minister in the second term of President Hassan Rouhani in office.

Failure to manage the country’s economic affairs, lack of necessary measures in organising the country’s economy, lack of attention to the resistance economy, lack of proper supervision on the flow of operations in the country’s economic exchanges, and his inability to clarify the economic policies of the country were among the reasons for his impeachment.

Non-enforcement of legal assignments in the field of banking activities, failure to implement announced plans at the time of receiving vote of confidence from the parliament, and failure to implement the tax system fairly were the other reasons for his impeachment by the parliament.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Iran to unveil first AI-equipped oil well

The Iranian Vice President for Science, Technology and Knowledge-Based Economy has announced the inauguration of…

2 hours ago

Syrian rights group compiles list of over 16k Assad gov’t affiliates accused of crimes against civilians

A Syrian rights group has announced that it has compiled a list of around 16,200…

2 hours ago

Israel violates cease-fire in Lebanon, killing 2 people

Two people were killed and another was injured in an Israeli air attack near a…

2 hours ago

UN General Assembly seeking ICJ advisory opinion on Israel’s obligations in occupied Palestinian territory

The United Nations General Assembly has formally requested the International Court of Justice (ICJ) to…

2 hours ago

Vank Church, Jolfa district in Iran’s Isfahan decorated for New Year

As the New Year 2025 approaches, Vank Church and the Jolfa district in Iran’s central…

2 hours ago

Kremlin says several countries to become BRICS partners next year

Nine countries will officially join BRICS as partner states in 2025, Russian presidential aide Yuri…

3 hours ago