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It is an honor to be graded amongst the finest of the companies from China, India, Japan and ASEAN etc. This achievement has become a reality due to the teamwork and dedication of our workers, associate vendors and dealers. We owe a special debt of gratitude to all our valued customers who entrusted confidence in our products.
Friday, July 25, 2003, Lahore; The Institute of Charted Accountants Of Pakistan and The Institute of Cost & Management Accountants of Pakistan in their annual review of the public sector corporate annual report has adjudged the Millat Tractors Annual report for 2002 for the “BEST CORPORATE REPORT AWARD 2002” overall first position in the engineering sector. The company has been a recipient of this award for the third consective year ever since the award was initiated. This award was conferred by the Federal Minister for Finance & Economic Affairs Mr. Shaukat Aziz in a ceremony in Karachi on 25th July 2003
Every year, Karachi Stock Exchange acknowledges the performance of the Top Companies on the basis of comprehensive criteria, which includes dividend payout, return on equity Compliance with listing regulations and good corporate governance. The award given by the Exchange to the top Companies benefit the recipient companies by recognizing their excellent financial and managerial performance thereby providing them inter alia a powerful marketing tool. Millat achieved 9th position amongst the Top companies of Karachi Stock Exchange for the financial year 2009. Mr. Laeeq uddin Ansari (CEO) receiving award from Mr. Asif Ali Zardari (President of Islamic republic of Pakistan) in this respect
Millat Tractors Limited set a new record of highest ever production and sales by selling 42,000 tractors in the challenging year that ended on 30th June, 2011, improving by 4.5% than previous year’s sales of 40,140. The company also improved its market share from 56% to 60% which is the reflection of trust reposed by customers in Millat made tractors. To celebrate the occasion, the key of the 42,000th tractor was handed over to a farmer by Mr. Laeeq Uddin Ansari, CEO, MTL in a simple ceremony held in company premises. Speaking on the occasion, Mr. Laeeq said that record sales and increased market share have been achieved in a year which was challenging. At the very onset of the year, the country faced unprecedented floods impacts and later the levy of 17% GST on inputs and tractors. He further informed that the Company will continue its efforts to produce quality tractors and offer new tractor models to the farmers of Pakistan suiting to their farming needs at affordable prices. He thanked all customers for reposing confidence in Millat produced Massey Ferguson tractors and congratulated the Company workers, employees, vendors and dealers for achieving this record.