tractor

Tractor prices surge in range of 35-45% year-on-year

Say decision will drain forex reserves, hurt local engineering industry

Seek govt intervention to avert slump in industry

Official laments stuck tax refunds have caused liquidity crisis for parts makers

PAAPAM says low valuation of imports has affected manufacturers

Aims to promote mechanisation, enhance per acre crop output

PTI govt focused on locust in budget with no clarity on tractor subsidy

Decline comes on back of sluggish demand

Industry official says cannot operate without opening of supply chain

COVID-19 has multiplied problems for manufacturers

Sales fall 40% to around 15,200 units in first half

Tractors should not be used on roads as it is a vehicle for agriculture purpose

Official says tax refunds are not being released timely

Seeks immediate release of tax refunds to utilise idle capacity

PAAPAM says two tractor assembly plants are moving towards closure

Tractor industry’s pending sales tax refunds, which amount to over Rs3 billion

Govt will help set up atmospheric control stores, hot water treatment plants

Firm deceitfully claims subsidy amount in connivance with officials of the Sindh agriculture department

Ask govt to eliminate customs duties, reduce input tax