It is to be noted that AGTL
imports raw material under various custom tariff i.e.
sold 4,122 tractors during Apr-Jun'19, down 41pc YoY explaining the earnings decline.
'The company is currently facing liquidity issues and a huge financial cost due to Rs2.3 billion worth of non-refunded sales tax,' said AGTL
CEO Shahid Hussain.
"The Company is currently facing liquidity challenges and incurring huge financial cost due to non-refunded AGTL
's due sales tax refunds by the authority to the tune of Rs 2.3 billion approx."
A committee comprising members of ZTBL and AGTL
will be formed to develop a mechanism to improve the farmers' economy and crops yield.
Parvez Ali, Chief Executive Officer, AGTL
received the award from Jose E.
has sent a letter to the FBR's anomaly committee.
Al-Ghazi Tractors Limited (AGTL
-2.55pc) declared its financial performance for FY18.
The Secretary MOI convened a meeting in Islamabad on 23 Jan that was attended by Mr Azhar Noor, and Ghulam Mustafa of Millat tractors Ltd and Mr Kashif Lawai of AGTL
, PAAPAM representatives, former chairman Mr.
KARACHI -- Al-Ghazi Tractors Limited's (AGTL
) profit improved 6.5% to Rs718.32 million in the second quarter ended June 30, 2018 owing to increased volumetric sales and rupee devaluation, according to a notice sent to the Pakistan Stock Exchange (PSX) on Wednesday.
'Water shortage is a big concern, however, its direct impact on our company's production and sales is not measurable at this stage because there are many other variables which contribute towards our business performance,' CEO Al Ghazi Tractors Limited (AGTL
), Shahid Hussain told Dawn on Monday.
While the gainers were: EPCL, AGTL
, ICI, HCAR and INDU, the laggard were: EFOODS, NML, NCL, OGDC and SNGP.