Tractor Industry Pakistan Needs Government Support Covid-19 2020

Tractor Industry in Pakistan Needs Government Support Ensure Food Security Covid-19 2020

Mr. Abdul Hafeez Shaikh

Adviser to Prime Minster on Finance

Mr. Abdul Razak Dawood

Adviser for Commerce, Textile and Investment

Mr. Imran Khan

Honorable Prime Minster of Pakistan

Mr. Asad Umar

Minister for Planning, Development & Special Initiatives

Mr. Muhammad Hammad Azhar

Minister of Industries & Production

Tractor Industry Pakistan Needs Government Support Covid-19 2020

THE TRACTOR INDUSTRY PROBLEMS:

1. Supply chain of tractor industry still under lock down
2. Negative Cash flow
3. Low tractor demand for the last 2.5 years

WE REQUEST GOVERNMENT OF PAKISTAN: 

1. Funds for tractor financing for farmers
2. Remove lock down for tractor industry supply chain
3. Bank markup waiver for 2 years on existing loans
4. Easy & fast access to new interest free loans to restart operations
5. Deferment of utilities bills for 3 months for tractor industry
6. Funds to pay salaries to the work force for 6 months
7. Speedy Income tax & sales tax refunds for tractor industry
8. Reduction of GST, ACD, AST, RD, FED on imported tractor parts and materials for tractor industry.

Pakistan Association of Automotive Parts & Accessories Manufacturers

Head Office: 16-B Westwood Colony, Thokar Niaz baig, Lahore.
Tel: +92 -42 - 37498474 -5 Fax: +92 -42 - 37498476
Karachi Office: 204 - Suleman Center, SC-5, St # 17, Sector 15, Korangi
Industrial Area, Karachi. Tel: +92 - 21 - 35113841 www.paapam.com