AIRLINK 196.50 Increased By ▲ 2.94 (1.52%)
BOP 10.05 Increased By ▲ 0.10 (1.01%)
CNERGY 7.93 No Change ▼ 0.00 (0%)
FCCL 40.29 Decreased By ▼ -0.36 (-0.89%)
FFL 17.12 Increased By ▲ 0.26 (1.54%)
FLYNG 27.18 Decreased By ▼ -0.57 (-2.05%)
HUBC 133.70 Increased By ▲ 1.12 (0.84%)
HUMNL 14.09 Increased By ▲ 0.20 (1.44%)
KEL 4.67 Increased By ▲ 0.07 (1.52%)
KOSM 6.70 Increased By ▲ 0.08 (1.21%)
MLCF 47.35 Decreased By ▼ -0.25 (-0.53%)
OGDC 216.00 Increased By ▲ 2.09 (0.98%)
PACE 6.99 Increased By ▲ 0.06 (0.87%)
PAEL 41.98 Increased By ▲ 0.74 (1.79%)
PIAHCLA 17.30 Increased By ▲ 0.15 (0.87%)
PIBTL 8.50 Increased By ▲ 0.09 (1.07%)
POWER 9.65 Increased By ▲ 0.01 (0.1%)
PPL 184.61 Increased By ▲ 2.26 (1.24%)
PRL 42.80 Increased By ▲ 0.84 (2%)
PTC 25.11 Increased By ▲ 0.21 (0.84%)
SEARL 106.00 Decreased By ▼ -0.84 (-0.79%)
SILK 1.00 Increased By ▲ 0.01 (1.01%)
SSGC 44.11 Increased By ▲ 4.01 (10%)
SYM 17.81 Increased By ▲ 0.34 (1.95%)
TELE 9.03 Increased By ▲ 0.19 (2.15%)
TPLP 13.03 Increased By ▲ 0.28 (2.2%)
TRG 67.57 Increased By ▲ 0.62 (0.93%)
WAVESAPP 11.65 Increased By ▲ 0.32 (2.82%)
WTL 1.82 Increased By ▲ 0.03 (1.68%)
YOUW 4.02 Decreased By ▼ -0.05 (-1.23%)
BR100 12,212 Increased By 167.4 (1.39%)
BR30 36,943 Increased By 363.4 (0.99%)
KSE100 115,231 Increased By 1193.3 (1.05%)
KSE30 36,243 Increased By 448.2 (1.25%)

The lifting of sanctions set off scenes of jubilation in Iran's parliament: Supporters planted kisses on the forehead of Foreign Minister Mohammad Javad Zarif and jostled to take selfies.
For pragmatic politicians like him, the nuclear deal that reconnects Iran to the world marks a victory over rival factions at home as much as a diplomatic coup overseas.
There was also optimism among ordinary Iranians. "I cannot wait ... We deserve to be part of the international community again," said elementary school teacher Ziba Ghafouri, 35, in the northern city of Babolsar.
But many others reacted cautiously, in contrast to widespread elation six months earlier, when Iranians poured into the streets to celebrate the signing of the nuclear deal that made possible the lifting of most economic curbs.
Many have lived under sanctions or wartime austerity for so long that they have no concrete expectations about what the future might hold.
And they have been told by their government not to expect quick miracles, an idea people seem to have taken to heart.
"I don't think it will have much impact on our lives," said retired government employee Mohammad-Reza Hosseini, 63, in the central city of Shiraz. "This country has so many problems that it will take years to solve them." With sanctions finally lifted, Iranians must settle down to the sober task of rebuilding an economy that has been battered even since the deal was reached in July last year
Iran will immediately have more money to pay for imports, as the government gains access to tens of billions of dollars of assets frozen abroad. However, foreign businesses may hesitate to invest heavily in a market that still carries a lot of risks.
The opponents of the deal, a significant faction in Iran, also kept their counsel. Hard-line newspapers who dislike the deal due to deep suspicions about US intentions did not take a strong stand, perhaps resolving to focus on a bitter internal power struggle that is likely to intensify after the deal.
Iranians interviewed by telephone by Reuters described themselves as exhausted by the years of hardship and hopeful rather that better times might be ahead.
"At least 10 small factories were closed in our area. Just a few big factories could survive," said tile shop owner Reza Sadrsefat in the central city of Isfahan. "Even as owner of a small shop, I had difficulties to buy material in the past few years. And even when I did, the prices were so high that I could not sell them. I am very happy that our leaders could resolve this issue."
In Dubai, Iranian sailors were packing small trading boats with foreign goods, preparing to cross the Gulf to the Iranian port of Bandar Abbas. Even this creaking bridge to the world has suffered under sanctions, they said. "We had a problem with sanctions. We traded less, our imports and exports were down. With the lifting of sanctions our trade will gradually increase," sailor Hossein Jaafari said.
For many young Iranians it's not all about the money. Ali Araghchi, the nephew of Iran's top nuclear negotiator, believes the lifting of sanctions will start a new era of diplomatic harmony and improve Iran's global image. Araghchi is the founder of "Must See Iran", a social media campaign that invites Iranians to post pictures of Persian culture and nature to counteract negative stereotypes about their country. Tens of thousands have signed up.

Copyright Reuters, 2016

Comments

Comments are closed.