Prime Minister’s Advisor on Commerce, Textile, Industry & Production and Investment Abdul Razak Dawood acknowledged the efforts and appreciated the range of quality products the company is manufacturing to increase the export and revenue of the country.
Millat Tractors Limited yesterday organised the celebration ceremony to mark the company’s success in exports of its products and achieving high sales record in the current fiscal year. While speaking at a celebration ceremony Abdul Razak Dawood said that value-added engineering products could earn much needed foreign exchange and generates a plenty of revenue for the country besides making it self-sufficient locally.
Millat Group’s Chairman Sikandar Mustafa Khan and Millat Tractors Limited’s Chief Executive Officer S M Irfan Aqueel were also present on the occasion.
Abdul Razak Dawood also inaugurated the export consignments of tractors being sent to Tanzania and Madagascar. He said that it is remarkable event and achievement that Millat had taken the lead in the automobile sector by setting up a broad vending base and exporting its products successfully in the global markets, which will not only portray a positive and soft image of Pakistan but also will result in saving and earning of foreign exchange.
He was briefed that the company is being manufactured products including Millat made Massey Ferguson tractors, tractor engines, electro pack engines, assemblies and sub-assemblies of spare parts that are being exported to Europe, Africa, South Asia, Turkey and Australia.
The exports have been a result of Millat’s agreement with their Principal AGCO, signed in 2015. It is important to note that Millat made products were competing in the global markets not only because of its affordable price ranges but also for good quality and high standards.
He also evaluated two newly manufactured tractor models, MF 360-4wd and MF 375- 4wd ready for export to global and local markets.
Speaking on the occasion, Sikandar Mustafa Khan said that the company’s exports are a testament of technical strength of its products, competing for the global markets successfully. He also paid tributes to all the stakeholders including foreign partners of the company which stood by it all the way and helped the company in achieving a milestone.
by Aqsa Mirza