Millat Tractors Limited’s increase in sales tax on tractors

Karachi, January 03, 2013 (PPI-OT): Pursuant to SRO 79 (1)/2012 dated February 02, 2012 the Sales Tax @ 10% shall be charged on supply of Tractors w.e.f. January 01, 2013. Previously Sales Tax @ 5% was applicable till December31, 2012.

The impact of this increase on sales cannot be conveniently ascertained at this stage.

For more information, contact:
Mian Muhammad Saleem
Company Secretary
Millat Tractors Limited
P. O. Box No. 12023, Sheikhupura Road,
Shahdara, Lahore, Pakistan.
Tel: 92-423-7911021-25,
UAN: 111-200-786
Fax: 92-423-7924166 / 92-42-7925835

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