Govt Decide to Import Second-hand Tractors for Farmers

Govt Decide to Import Second-hand Tractors for Farmers

Govt Decide to Import Second-hand Tractors for Farmers

The premier bemoaned the fact that tractors made domestically in Pakistan cannot be exported due to the restriction, which has driven up the price of tractors for small-scale farmers.

The government has chosen to import used tractors because, according to PM Shahbaz, “I tried to terminate the monopoly of the tractor business along with Dar and other authorities concerned; nevertheless, the stakeholders immediately refused to work with the government.”

The government has decided to import second-hand tractors that are up to five years old (and have the appropriate certification), according to the prime minister, in order to assist farmers who cannot afford tractors made locally.

He clarified that this decision, which is anticipated to hurt the local sector, would not have been made if the tractor business had partnered with the government.

The premier also stated that people importing these used tractors older than five years would receive a 50% duty rebate, a 36% rebate for tractors older than three years, and that the concession rates would be determined appropriately.