Millat Tractors Limited has announced to resume production on September 04, 2024 (Wednesday) but sales will continue to be restricted until clarification on the Sales Tax refund procedure. The country’s tractor manufacturer shared this development with the Pakistan Stock Exchange (PSX) on Tuesday in accordance with Sections 96 and 131 of the Securities Act, 2015 … Read more
Millat Tractors Limited (MTL) has announced the suspension of its production operations due to unresolved issues surrounding the Goods and Services Tax (GST) refunds. The company disclosed this development in a notice sent to the Pakistan Stock Exchange on Thursday. According to the notice, MTL highlighted that while the GST on tractors is set at … Read more
Millat Tractors Limited (MTL) has officially denied recent media reports suggesting that vendors have halted the supply of tractor parts to the company. The news, which was published in a segment of print media on August 9, 2024, claimed that supply disruptions were impacting MTL’s operations. In a statement released to the Pakistan Stock Exchange … Read more
ISLAMABAD: In a move that could impact the agricultural sector, the federal government is planning to raise the sales tax on tractors from 10% to 14%. This proposed tax hike comes after the government withdrew a previous sales tax exemption on tractors in the last budget (2024-25) and imposed a 10% sales tax. Sources within … Read more