“Past four to five months proved quite tough for the local tractor industry when it displayed one of the lowest trends in the last few years, resulting in a substantial slowdown and considerable non-utilisation of capacity,” the tractor manufacturer said in a statement on Friday. Tractor bookings drop sharply as economy slows downTractor sales volume declined 30% in the second half of 2018 compared to the same period of 2017. “We are barely surviving in the current situation,” said Al-Ghazi Tractors CEO Mohammad Shahid Hussain. “Therefore, serious attention is required combined with swift action from government authorities to save us from irreversible damage,” he added. At present, thousands of people are engaged in businesses that supply parts and components for tractor assembly.

Source: The Express Tribune January 04, 2019 15:22 UTC