AGL 38.50 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 211.50 Increased By ▲ 3.73 (1.8%)
BOP 9.88 Decreased By ▼ -0.18 (-1.79%)
CNERGY 6.67 Decreased By ▼ -0.41 (-5.79%)
DCL 9.59 Decreased By ▼ -0.40 (-4%)
DFML 40.43 Decreased By ▼ -0.71 (-1.73%)
DGKC 100.00 Decreased By ▼ -3.46 (-3.34%)
FCCL 35.20 Decreased By ▼ -1.15 (-3.16%)
FFBL 87.50 Decreased By ▼ -4.09 (-4.47%)
FFL 13.98 Decreased By ▼ -0.62 (-4.25%)
HUBC 133.49 Decreased By ▼ -5.94 (-4.26%)
HUMNL 14.00 Decreased By ▼ -0.10 (-0.71%)
KEL 5.67 Decreased By ▼ -0.30 (-5.03%)
KOSM 7.25 Decreased By ▼ -0.61 (-7.76%)
MLCF 46.00 Decreased By ▼ -1.28 (-2.71%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 218.50 Decreased By ▼ -4.16 (-1.87%)
PAEL 39.00 Increased By ▲ 0.89 (2.34%)
PIBTL 8.96 Decreased By ▼ -0.31 (-3.34%)
PPL 198.20 Decreased By ▼ -7.65 (-3.72%)
PRL 40.40 Increased By ▲ 0.55 (1.38%)
PTC 25.80 Decreased By ▼ -0.82 (-3.08%)
SEARL 102.85 Decreased By ▼ -7.39 (-6.7%)
TELE 9.05 Decreased By ▼ -0.18 (-1.95%)
TOMCL 36.90 Decreased By ▼ -1.31 (-3.43%)
TPLP 14.05 Increased By ▲ 0.28 (2.03%)
TREET 25.40 Decreased By ▼ -1.05 (-3.97%)
TRG 58.40 Decreased By ▼ -2.14 (-3.53%)
UNITY 33.80 Decreased By ▼ -0.34 (-1%)
WTL 1.71 Decreased By ▼ -0.17 (-9.04%)
BR100 11,957 Decreased By -341.5 (-2.78%)
BR30 37,521 Decreased By -1356 (-3.49%)
KSE100 111,611 Decreased By -3249.6 (-2.83%)
KSE30 35,071 Decreased By -1124.8 (-3.11%)

TEHRAN: Iran’s labour minister resigned on Tuesday amid daily nationwide protests by pensioners, merchants and workers against soaring living costs. While it was not clear if Hojatollah Abdolmaleki’s resignation was directly related to the month-long protests, a senior MP blamed his “incompetence” for the unrest.

The semi-official Tasnim news site said his resignation followed “mounting criticism for his handling of the labour market and a meagre rise in the retirement pensions.”

”His failure to create a planned number of jobs and the growing protests over insufficient raises in the retirement pensions had fuelled speculations that parliament will impeach him,” Tasnim said in its English-language site.

The Ministry of Labour, Welfare and Social Security had said it would increase pensions by 57.4% to 55.8 million Iranian rials ($177) a month. But pensioners said it was too little too late to cope with years of inflation.

“The level of distrust is unprecedented as we witness protests and anger of labourers and retirees,” senior MP Nasser Mousavi Laregani told parliament. He said pensioners had to forsake their dignity and go to the street to make their demands. The blame lies “squarely on Abdolmaleki’s incompetence,” he added.

Government spokesperson Ali Bahadori Jahromi told reporters the administration of President Ebrahim Raisi was “doing its best to lessen the pressures on the people” and to “find “ways to offer assistance to retirees.“

The majority of the protesters are pensioners and retired government employees who are demanding significant increases in pensions to cope with rising prices. The string of protests in recent weeks have drawn anti-regime slogans, including “death” to Supreme Leader Ayatollah Ali Khamenei who has blamed some of the unrest on “foreign enemies” seeking to overthrow the Islamic Republic.

Social media posts on Tuesday purported to show continued protests in several cities. One unverified post said partial strikes on Monday hit bazaars in the capital Tehran, the central town of Kazerun and in the industrial centre of Arak.

Iran’s rial hit a new record low on Sunday, exchanging 332,000 to the dollar, against 318,000 to the dollar on June 1. Jahromi said Mohammad Hadi Zahedi Vafa was named acting labour minister.

Comments

Comments are closed.