LAHORE: Minister for Industries & Production Syed Murtaza Mahmud visited Millat Tractors Limited, Lahore on May 9. He was received by Sikander Mustafa Khan, Chairman Millat Group, Irfan Aqueel CEO Millat Tractors Ltd and senior directors of the company.
He was briefed about the role of Millat Tractors in the automobile sector and farm mechanization of the country for last many decades. He was informed that MTL has a market share of more than 60 percent which represents customer satisfaction and trust in the quality Massey Ferguson tractors produced by Millat.
The minister appreciated the efforts of MTL for achieving more than 90 percent deletion level in tractors, resulting in saving of precious foreign exchange reserves.
Minister also acknowledged the contributions of MTL in the growth and prosperity of the nation and pledged to support tractor and the allied vending industry for the economic growth.
The minister was briefed on the issues being faced by the tractor industry, especially with respect to the latest SRO 563 which has resulted in closure of the industry.
Copyright Business Recorder, 2022
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