Millat Tractors halts production due to GST refund delays

15:00
August 22, 2024

August 22, 2024 (MLN): Millat Tractors Limited (PSX: MTL) has halted production temporarily due to ongoing issues with GST refunds, the company's filing on PSX revealed today.

The company revealed that the GST on tractors is set at 10%, while the GST on all input raw materials is 18%, leading to a continuous backlog of refunds.

Despite multiple requests for clarification, the government has yet to issue a mechanism for processing these refund claims.

As a result, MTL has been forced to stop production until further notice.

Copyright Mettis Link News

Posted on: 2024-08-22T14:57:04+05:00

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.80000	278.95000	278.95000	278.80000	01:01 PM
2	EUR	1.10880	1.10910	1.10910	1.10880	01:58 PM
3	GBP	1.31340	1.31340	1.31340	1.31340	01:58 PM
4	CHF	0.84271	0.84316	0.84316	0.84271	02:04 PM
5	JPY	142.33000	142.36000	142.36000	142.33000	01:58 PM
6	CAD	1.35760	1.35810	1.35810	1.35760	01:58 PM
7	AUD	0.66680	0.66720	0.66720	0.66680	01:58 PM
8	INR	83.98760	83.98810	83.98810	83.98760	08:00 PM
9	SAR	3.75370	3.75390	3.75390	3.75370	03:24 PM
10	AED	3.67290	3.67310	3.67310	3.67290	04:10 AM
11	HKD	7.79480	7.79550	7.79550	7.79480	01:58 PM
12	CNH	7.09330	7.09530	7.09530	7.09330	11:49 AM
13	CNY	7.08760	7.09000	7.09000	7.08760	08:53 PM
14	THB	33.71900	33.76900	33.76900	33.71900	11:49 AM
15	MYR	4.32800	4.33300	4.33300	4.32800	08:00 PM
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18	NZD	0.61710	0.61770	0.61770	0.61710	12:40 PM
19	MXN	19.96690	19.99760	19.99760	19.96690	01:58 PM
20	TRY	33.89550	33.89950	33.89950	33.89550	11:49 AM
21	SEK	10.30020	10.30610	10.30610	10.30020	01:58 PM
22	ZAR	17.83700	17.86690	17.86695	17.83703	01:58 PM
23	NOK	10.71420	10.72010	10.72010	10.71420	01:58 PM
24	DKK	6.73120	6.73220	6.73220	6.73120	12:40 PM
25	ARS	954.79500	954.94000	954.93965	954.79544	02:04 PM
26	BDT	118.01300	121.25800	121.25828	118.01343	11:49 AM
27	BHD	0.37690	0.37700	0.37700	0.37690	04:50 AM
28	BRL	5.59660	5.59960	5.59960	5.59660	12:37 PM
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30	KWD	0.30494	0.30574	0.30574	0.30494	10:25 PM
31	LKR	295.94800	302.25800	302.25788	295.94844	11:49 AM
32	OMR	0.38475	0.38525	0.38525	0.38475	01:57 AM
33	QAR	3.64400	3.64600	3.64600	3.64400	01:59 AM
34	RUB	89.09820	90.90090	90.90090	89.09820	02:04 PM
35	AFN	69.43080	71.23350	71.23349	69.43080	11:49 AM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:15 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	15.25000	15.45000	15.45000	15.25000	08:00 PM
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40	PHP	55.64000	55.84000	55.84000	55.64000	11:49 AM
42	NGN	1,604.66000	1,605.66000	1,605.66000	1,604.66000	08:00 PM
43	KES	127.55000	130.25400	130.25373	127.54969	11:49 AM
44	AMD	360.71900	414.80000	414.80013	360.71928	11:49 AM
45	TWD	32.02580	32.05580	32.05580	32.02580	12:37 PM
46	XAU	2,496.81000	2,497.98000	2,497.98000	2,496.81000	12:39 PM
47	XAG	27.92920	27.93880	27.93880	27.92920	12:39 PM
48	XPT	921.56700	927.83300	927.83350	921.56650	02:00 AM
49	XPD	910.59400	918.41600	918.41590	910.59400	02:00 AM
2,120	VES	36.63880	36.65900	36.65897	36.63881	02:04 PM
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2,213	TZS	2,678.08000	2,768.22000	2,768.21849	2,678.08374	11:49 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	79,254.25	78,897.726	78,917.29	34.382	0.044	141,866,198.0	6,059,861,812.770	06/09/2024 05:15 PM
ALLSHR	51,007.78	50,814.838	50,796.44	71.829	0.142	742,949,957.0	12,898,233,757.950	06/09/2024 05:15 PM
KSE30	25,102.67	25,007.872	24,996.72	-18.180	-0.073	23,792,766.0	3,539,817,089.490	06/09/2024 05:15 PM
KMI30	126,152.34	125,429.401	125,336.05	-273.987	-0.218	27,665,335.0	3,485,554,831.150	06/09/2024 05:15 PM
KMIALLSHR	35,745.09	35,572.312	35,579.90	34.830	0.098	313,057,501.0	8,856,040,568.180	06/09/2024 05:15 PM
BKTi	19,338.28	19,255.822	19,173.24	45.003	0.234	3,109,642.0	486,400,717.470	06/09/2024 05:15 PM
OGTi	19,272.63	19,192.200	19,158.85	-6.514	-0.034	2,090,736.0	658,069,505.890	06/09/2024 05:15 PM

Data is delayed by 20 minutes

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	52,980.0	57,270.0	52,820.0	-3,235.00
BRENT CRUDE	EB	71.5	73.5	70.6	-1.22
RICHARDS BAY COAL MONTHLY	EF	112.0	0.0	0.0	3.00
ROTTERDAM COAL MONTHLY	ET	115.5	115.5	115.5	1.50
USD RBD PALM OLEIN	POL	930.0	930.0	930.0	0.00
CRUDE OIL – WTI	QCL	68.2	70.1	67.2	-0.99
SUGAR #11 WORLD	SB	18.9	19.6	18.8	-0.32