Tag: tractors

ZTBL, Al-Ghazi Tractors to improve farmers economy

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article image LAHORE: Zarai Taraqiati Bank Limited (ZTBL) has agreed to extend cooperation with the leading tractors and agriculture equipment manufacturers Al-Ghazi Tractors Limited (AGTL) to look into the possibilities of improving farmers’ economy and increasing their yield. This was agreed during a meeting between ZTBL CEO Talat Mahmood and Chairman of Al- Ghazi Tractors andamp; President Al-Futtaim Automobile Division Dubai Len Hunt. A committee…Read More

Sales tax on tractors slashed

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article image STAFF REPORT IBD: The federal government has notified the reduction in sales tax on tractors from 16 per cent to 5 per cent with immediate effect.The sales tax will be charged at 10 per cent effective from January 1, 2013 and standard rate shall be applicable with effect from January 1, 2014. The Millat Tractors Limited, in an information sent to the Karachi Stock Exchange last week, said that this decision has very positive impact on demand and sale of tractors as the gradual increase in sales…Read More