Lahore: Millat Tractors Limited (MTL) has entered into a significant distribution agreement with Weichai Lovol Intelligent Agricultural Technology Co. Ltd, China's largest manufacturer of agricultural machinery. This development was detailed in a report dated September 14, 2026, and was disclosed in accordance with the Securities Act, 2015, and the Pakistan Stock Exchange (PSX) regulations.

MTL, a leading player in Pakistan's agricultural machinery sector, will now distribute high-technology, high-efficiency LOVOL agricultural machinery within the country. This initiative is in line with the Pakistani Government's vision to introduce advanced mechanization nationwide, a move aimed at bolstering food security efforts.

According to information available from the Pakistan Stock Exchange (PSX), this agreement is a strategic step for MTL, broadening its product offering and reinforcing its foothold in the local agricultural machinery market. The collaboration with Weichai Lovol is expected to enhance MTL's position and contribute to the mechanized transformation of Pakistan's agriculture industry.

The disclosure highlights the importance of this agreement for both shareholders and the general public, emphasizing MTL's commitment to expanding its market presence and supporting the national agenda for agricultural modernization.