Islamabad, July 14, 2025: Tractor sales in Pakistan have plummeted to their lowest level in 22 years, signaling deep distress in the country’s agriculture sector. According to data from Topline Securities, only 29,192 units were sold in FY2024-25 — the weakest figure since FY2002-03, when 26,832 units were sold.
This sharp decline is largely attributed to poor farm economics, highlighted by a 21% year-on-year drop in wheat prices during FY25. As wheat is a major crop in Pakistan, its falling price has slashed farmers’ purchasing power, leading to reduced demand for agricultural machinery.
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Major industry players Millat Tractors and Al-Ghazi Tractors also faced historic lows. Millat recorded sales of 18,580 units, while Al-Ghazi sold only 10,612 units, both marking their lowest in over two decades.
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This alarming trend raises serious concerns for the rural economy and the overall health of the agriculture machinery market in Pakistan. If farm profitability does not recover, tractor manufacturers may continue to struggle in the coming quarters.
