Iran needs $100B in foreign investment, says president

tehran, iran — Iran's president said Saturday his country needs some $100 billion in foreign investment to achieve an annual target of 8% economic growth up from the current rate of 4%.  The remarks by Masoud Pezeshkian, who was elected in July, came in his first live televised interview by state TV.  Pezeshkian said Iran needs up to $250 billion to reach its goal but more than half is available from domestic resources. Experts say growth in GDP of 8% would reduce double-digit inflation and unemployment rates.