TC Sep-Oct 2022 Issue

TRADE CHRONICLE Sep - Oct - 2022
Tyre smuggling causing Rs50bn
revenue loss to exchequer
Smuggling of new and used tyres into
Pakistan is threatening survival of the
local industry as up to 60 percent of
the country’s total trye market is met
through smuggled ones, dealing a huge
blow to the industry and government
alike, an industry official revealed to
media recently.
“Tyre is one of the top commodities
smuggled into Pakistan, thus ruining
the local industry badly and causing
huge losses of around Rs50 billion
to the national treasury,” said
spokesperson of GTR Tyre, one of
leading manufacturing units in the
Al-Ghazi Tractors launches 2023
models on its 40th Anniversary
To commemorate 40 successful years
of its existence, Al-Ghazi Tractors
Limited (AGTL) has introduced new
2023 models with high gloss paint
features for all New Holland tractor
variants.
The new 2023 models will be offered
for the following models: 480s, 480
Power Plus, Ghazi, 640, 70-56, and
Dabang. In addition, AGTL is going to
take the market by storm with a
special batch of New Holland's
Trademark Blue-colored
Tractors for the first time in
Pakistan.
The brand-new models will
enable farmers to have higher
yields, thanks to AGTL’s cuttingedge
technology for planting,
cultivating, fertilising, and
harvesting crops. The upgraded
variants are highly durable, fuel
and cost-efficient. The models
will also feature 2023 engraved
country.
He added that the total tyre
market of Pakistan was close
to 14 million (excluding motorcycle/
Rickshaw tyres). “Around 15 percent
of the demand is met through local
production and 25 percent through
imports, while the rest 60 percent are
smuggled.”
If that 60 percent smuggling was
controlled, the gap could be filled by
local manufacturers and legal imports,
he said.
The spokesperson was of the view
that smuggling had been unabated
because of lack of coordination
between the concerned authorities in
the government. He claimed that items
under guise of Afghan Transit Trade
(ATT) are either unloaded in Karachi
or come back from the Afghan border
via smuggling.
“The government should re-evaluate
data of the items being imported via
the ATT and see if the numbers of tyres
Chassis Plates.
Speaking at the 40th
anniversary of the company,
Malik Ehtisham, Chief Executive
Officer, AGTL, stated: “AGTL lauds
all of its devoted customers and
partners who have stood by it through
thick and thin over the years. We are
working towards making AGTL the
industry leader in the agriculture
equipment industry. AGTL is also
making significant investments in
technology to uphold the highest
standards in agriculture by providing
being imported are supported by the
vehicle population in Afghanistan,”
suggested GTR spokesman. Smuggled
tyres are transported from Dubai
either in containers or launches then
gets unloaded in Karachi from where
they are further distributed in different
parts of the country, according to the
official.
He emphasised that the customs
department should ensure that the
facility was not misused.
“The government should protect the
local industry and national treasury
from the damage caused by smuggling.
Effective measures have to be taken
to curb the smuggling to improve
the competitiveness of the local
industry and to provide equal business
opportunities.”
The company manufactures steel
belted tubeless radial tyres for cars
and light trucks while cross-ply tyres
for light trucks, buses, tractors, bikes,
rickshaws and OTR.
Media Report
our farmers access to state-of-the-art
tools and modern methodologies with
the help of our recently set up R&D
Department. We are using advanced
technology while adhering to the
vision of our shareholders to ensure
that AGTL becomes the benchmark for
others. We hope that our customers will
enjoy yielding with our ultra-modern,
cutting-edge, ever-dependable, and
robust tractors”.
All of AGTL's customers are also
eligible for a free servicing programme.
The customers can get their vehicles
serviced at their respective local
dealers.
Al-Ghazi is a joint venture of
the Al-Futtaim Group and
CNH Agricultural Machinery
Company. Its market share in
the tractor manufacturing and
sales industry of Pakistan stands
at 46% year to date. It also marks
the highest market share Al-
Ghazi has had in the last 14
years, which is a testament of
trust that our partners, farmers
and dealers have in us.
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