Millat Tractors, Pakistan’s largest tractor manufacturer, has stopped production due to a lack of demand.
According to details, Millat Tractors Limited Company issued a formal letter to inform the Pakistan Stock Exchange Limited about its decision, in which it was said that Millat Tractors Limited Company is closing its production unit due to a severe decrease in demand and cash flow constraints.
According to the company, the production unit will be closed from Thursday, January 6, 2023, and will remain closed until further orders.
Journalist Saeed Baloch shared this letter from Millat Tractors and said that the industry is being shut down in the country. However, the Federal Home Minister is still accusing Imran Khan of running a campaign of bankruptcy in the country by holding a press conference on TV.
It should be noted that many major industries have been closed in the past, including textiles, chemicals, auto, poultry feed and others, due to government policies.
