{"id":97459,"date":"2023-01-09T09:33:14","date_gmt":"2023-01-09T09:33:14","guid":{"rendered":"https:\/\/autodeals.pk\/blog\/?p=97459"},"modified":"2023-01-09T09:33:14","modified_gmt":"2023-01-09T09:33:14","slug":"biggest-manufacturer-millat-tractor-has-suspended-operations","status":"publish","type":"post","link":"https:\/\/autodeals.pk\/blog\/biggest-manufacturer-millat-tractor-has-suspended-operations\/","title":{"rendered":"Biggest Manufacturer Millat Tractor has Suspended Operations"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-overview\"><strong>Overview<\/strong><\/h2>\n\n\n\n<p>Millat Tractor Limited, the country&#8217;s largest agricultural machinery producer, has shut down operations, citing a drop in demand and cash flow constraints.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/autodeals.pk\/\">corporation<\/a> has declared a production reduction beginning January 6 and lasting until further notice.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>History Of Millat Tractor<\/strong><\/h2>\n\n\n\n<p>Millat Tractors was started in 1964 in Lahore as Rana Tractor and Equipment Limited to <a href=\"https:\/\/autodeals.pk\/blog\/\">import<\/a> and market Massey Ferguson tractors.<\/p>\n\n\n\n<p>In 1965, facilities in Karachi were established to manufacture tractors from <a href=\"https:\/\/autodeals.pk\/blog\/customs-duties-reduced-on-1000cc-car-ckd-kits\/\">semi-knocked-down kits<\/a>. Operations were relocated from Karachi to Lahore in 1967.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Products<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Diesel Engines<\/li>\n\n\n\n<li>Agricultural Tractors<\/li>\n\n\n\n<li>Diesel Generating Sets and Prime Movers<\/li>\n\n\n\n<li>Agricultural Implements<\/li>\n\n\n\n<li>Forklift Trucks, under license from Anhui Heli Forklift Trucks China<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Reason for Suspension Millat Tractor<\/strong><\/h4>\n\n\n\n<p>The company&#8217;s stock was trading at Rs. 553.01 at the time of filing, down Rs. 17.63 or 3.09 percent. Kohinoor Spinning Mills Limited chose to suspend production last month due to the continued economic downturn, while Attock Refinery Limited temporarily closed its main processing unit.<\/p>\n\n\n\n<p>Similarly, several other automakers are experiencing NPDs as a result of inventory shortages and a major demand drop. The government promised Pakistanis a better year in terms of economic progress, but recent developments in the industrial sector suggest otherwise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Millat Tractor Limited, the country&#8217;s largest agricultural machinery producer, has shut down operations, citing a drop in demand and cash flow constraints.<\/p>\n","protected":false},"author":2,"featured_media":97460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"topbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"2","show_author_box":"1","show_post_related":"1","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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