Pakistan’s tractor sales surge due to government’s green tractor scheme
Millat Tractors record highest monthly sales in seven years
Business Desk
The Business Desk tracks economic trends, market movements, and business developments, offering analysis of both local and global financial news.
A red tractor parked on top of a dirt field
Pakistan's tractor industry achieved remarkable growth in December, with sales reaching 7,030 units — a 170% increase compared to December last year and a 105% rise from the previous month.
The surge was primarily driven by the delivery of tractors under the Green Tractor Scheme.
Millat Tractors Limited (MTL) marked a significant milestone, recording its highest monthly sales in nearly seven years. MTL's tractor volumes reached 4,686 units, demonstrating a 2.2x growth compared to December 2023.
Analysts attribute this exceptional performance to improved farmer liquidity, favorable government policies, and timely delivery of tractors. The strong sales figures underscore a robust recovery in the agriculture sector and highlight MTL's solid market presence.
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