Millat Tractors to Resume Production Tomorrow

Millat Tractors Limited (PSX: MTL) will resume production tomorrow, the company informed the main bourse on Tuesday.

The Company will be resuming production from September 04, 2024, onwards. Sales shall continue to be restricted until clarification on the Sales Tax refund procedure and applicability is provided by FBR, the stock filing stated.

The Company is principally engaged in assembling and manufacturing of agricultural tractors, implements and multiapplication products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan and abroad.

At the time of filing, MTL’s scrip at the bourse was Rs. 598.98, up 5.51 percent or Rs. 31.26 with over 141,000 shares on Tuesday.