Millat Tractors to close from January 06, amid lower sale

MG News | January 05, 2023 at 03:17 PM GMT+05:00

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January 05, 2023 (MLN): Millat Tractors Limited (MTL) has decided to close the company from January 06, 2023 due to continued reduced demand of tractors and cashflow constraints, a notice issued by company to PSX on Thursday showed.

The company will remain close till the further notice, the notification read.

To note, the company is engaged in assembling and manufacturing of agricultural tractors, implements and multiapplication products. MTL is also involved in the sale, implementation and support of IFS applications in Pakistan and abroad.

At the time of writing the script of the company is being traded at Rs500.57, which is up by Rs4.49 to 0.78% DoD.

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