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Millat Tractors Limited to Restart Production

Abdullah  03 Sep 2024   132   Millat   MF
Millat Tractors Limited to Restart Production

Millat Tractors Limited to Restart Production

Millat Tractors Limited (PSX: MTL) has revealed that it will recommence its production activities starting September 4, 2024, according to a notice filed with the stock exchange on Tuesday.

Details of Production Resumption

The company will initiate its vehicles production phase again from September 4, 2024. Nevertheless, the sales will be limited until the Federal Board of Revenue (FBR) provides detailed guidance on the Sales Tax refund process and its applicability, as mentioned in the stock market report.

Company Profile

Millat Tractors Limited specializes in the assembly and production of agricultural machinery, including tractors and implements, as well as multi-purpose products. The company also offers sales, implementation, and support services for IFS applications, both domestically and internationally.

Stock Market Performance

As of the most recent update, Millat Tractors Prices in Pakistan 2024' shares were priced at Rs. 598.98, marking a 5.51 percent increase or Rs. 31.26. The day's trading volume surpassed 141,000 shares.

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