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Al-Ghazi Tractors was founded in 1983 and started production at its plant located in Dera Ghazi Khan. [3] It was listed on the Karachi Stock Exchange in 1985. [3] In 1991, Al-Futtaim Group took over the management control of Al-Ghazi Tractors by acquiring 50 percent of its shares. [3]
Mahindra Tractors (India) Erkunt (Turkey)(part of Mahindra) ArmaTrac; Mahindra; Mitsubishi Agricultural Machinery (Japan)(own 33.3%) Trakstar (formerly Mahindra Gujarat and Shaktimaan brands) Mancel (France) Majevica (Serbia) Massey Ferguson (US)(part of AGCO Corporation) McCormick Tractors (Italy)(part of ARGO SpA) Millat (Pakistan)
[2] [3] Founded in 1964, it is the manufacturer of Massey Ferguson tractors in Pakistan with a production capacity of 40,000. [4] [5] [6] It is one of the two major tractor manufacturers of Pakistan with a 70 percent market share, as compared to Al-Ghazi Tractors which had 29 percent market share in 2021. [7]
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
The price of milk was $12.69 per gallon, a carton of 18 eggs was $10.79, a 5-pound bag of flour was on sale for $12.99, a regular bag of nacho cheese-flavored chips was $11.29, a 12-pack of soda ...
The steam-powered machines were low-powered by today's standards but because of their size and their low gear ratios, they could provide a large drawbar pull. The slow speed of steam-powered machines led farmers to comment that tractors had two speeds: "slow, and damn slow".
It then moved to western Pakistan where it transitioned into manufacturing, securing the agency of sugar in 1975. [1] In 1981 Fecto Cement Limited was established and production commenced in 1990. [3] It is considered a small player in the domestic market holding a 1.3% market share. [4] [5]
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