Government hailed for allowing duty-free import of tractors

The farming community of Pakistan has hailed the decision of the Government of Pakistan to allow duty-free import of 10,000 tractors for early delivery to the farmers and to fill the gap between supply and demand of tractors.
The local tractor manufacturing companies could not produce more that 40,000 tractors per annum, whereas the market has grown up to 60,000 tractors per annum.
According to a press release issued here on Monday the government has given permission for import of 2500 tractors each to three companies who have made investment to install tractor manufacturing plants in the country. The companies are Dewan Automotive Engineering Limited, Agro Tractors (Pvt) Limited and Universal Tractors (Pvt) Limited.
Dewan Automotive took the lead and submitted bank guarantee and opened letter of credit for import of tractors. The company has signed 'Exclusive Sale Agreement' with Shandon Heavy Industry Limited, China, who produce full range of tractors and export to 13 countries, including the United States of America.
Dewan Automotive Engineering Limited is one of Dewan Mushtaq Group of Companies which is the largest automotive group in Pakistan. Dewan Automotive has set up a tractor plant at Hub, Balochistan. The tractor plant is fully equipped with most modern tractor manufacturing and assembling facilities. It has a capacity of producing 15,000 tractors per annum on single shift basis.
The company has established a distribution network throughout the country with extensive dealership network and service centres to reach the doorstep of the farmers.-PR