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Iran: Provincial public-share holding Carpet-Weaving Company closed

NCRI – In line with the increase in the country’s economic collapse and the closure of the industries one after the other, it is now turn for the art and industry of carpet-weaving.

The Carpet-Weaving publicly shared company in southwestern province of Chaharmahal Bakhtiari -one of the epicenters of  Iran’s carpet-weaving- got bankrupt and more than 350 stockholders became unemployed.

This company provided weaving equipment for its shareholders and then in the end of the work bought the carpets with a fair price from them.

The investment of much of the country’s wealth in regime’s nuclear weaponry program leaves no room for  supporting the national industry.