Total tractor sales in Pakistan for year 2020 remained 39,272 units (domestic + export). Pakistan’s top tractor manufacturer, Millat Tractor Limited sold 27,007 tractors. After Millat it comes Al-Ghazi Tractors Limited which sold only 12,147 units till Nov-2020. Tractor industry is in decline at -5% vs same period last year (2019). Tractor Market Share FY2020 …
Tractor Subsidy Scheme 2020-21 – Sales tax Subsidy on local Tractors live updates The government of Pakistan has approved a tractor subsidy of Rs 1.5 billion for tractors manufactured in Pakistan. A statement issued by the Ministry of Food Security that the subsidy would be given in the form of sales tax across the country. …
All blames go to the Pakistani rupee because of its depreciation against US Dollar. Since Pakistani tractor prices have been increased significantly in last 2 years. Dollar was at Rs. 103 in late 2017 in the open market but now it has soared up to Rs. 154. What can companies do apart from increasing the …
Agricultural Implements Subsidy Scheme 2019-20 has been announced by Prime Minister of Pakistan. Objective of this scheme is to increase per acre yield of Wheat crop in Punjab. Punjab farmers will get specific agri implements on 50% subsidy rates. It means 50% payment will be paid by government after farmer has got him name in …
The struggle to gain market share has even grown far between the companies. After getting good sales volume in year 2017 and 1st half of 2018. Tractor companies in Pakistan are once again facing bad time. Due to less new tractor demand sales have gone down significantly. This decline is not only on the tractor …