Tractor sales in Pakistan have dropped to the lowest level recorded in 22 years.
According to Topline Securities, tractor sales fell to 29,192 units in the fiscal year 2024-25, the lowest since FY03 (26,832 units).
The decline was driven by weaker farm economics, shown by a 21 percent YoY fall in wheat prices in FY25.
Both Millat and Al-Ghazi posted 22-year lows, recording 18,580 and 10,612 units in FY25, respectively.