Karachi: Millat Tractors Limited (MTL) has announced a significant development in its international business strategy with an agreement that designates African territory for its exports. The announcement, dated December 22, 2025, comes under the purview of Section 96 of the Securities Act, 2015, and Clause 5.6.1 (a) of the Pakistan Stock Exchange (PSX) Regulations.

According to the company’s material information disclosure, MTL has entered into a strategic partnership with Massey Ferguson Corp. (MFC) and AGCO Limited, the owner of the Massey Ferguson brand. This agreement permits MTL to export its tractors directly to Africa under its own trademark. The move is aimed at expanding MTL’s international footprint and contributing to Pakistan’s export growth, marking a new chapter in the company’s global strategy.

The partnership builds on MTL’s ongoing collaboration with AGCO Corporation, USA, which currently oversees the export of Massey Ferguson-branded tractors to Africa and other international markets. According to information available from the Pakistan Stock Exchange (PSX), this new agreement is expected to significantly bolster MTL’s presence in Africa and enhance its long-term business prospects on a global scale.

This development marks a pivotal moment for MTL as it seeks to strengthen its market position and explore new growth opportunities in the international agricultural equipment sector. The company’s focus on expanding into African markets reflects its commitment to diversifying its export destinations and increasing its global competitiveness.