Millat Tractors enters distribution deal with China’s Weichai Lovol

Millat Tractors Limited (PSX: MTL) has signed a distribution deal with Weichai Lovol Intelligent Agricultural Technology Co. Ltd, which is described as China's largest maker of agricultural machinery. Under the arrangement, MTL will take on the distribution of LOVOL farm equipment in Pakistan, machinery that is presented as high-technology and highly efficient. Mettis Global reported that the company informed the stock exchange about the deal through a formal notice.

The agreement is linked by the company to the government's plan for modern mechanisation across Pakistan and to wider efforts on food security. The company called the deal a move toward a wider range of products and a stronger standing in the farm machinery market. The report was published on September 14, 2026.