The Millat Tractors Limited (MTL) was established in 1964 to introduce and market

Market

A market is one of many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services in exchange for money from buyers...

 Massey Ferguson

Massey Ferguson

Massey Ferguson Limited was a major agricultural equipment manufacturer which was based in Canada before its purchase by AGCO. The company was formed by a merger between Massey Harris and the Ferguson tractor company in 1953, creating the company Massey Harris Ferguson. However in 1958 the name was...

 Tractors in Pakistan

Pakistan

Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

. An assembly plant was set up in 1967 to assemble tractors in semi-knocked down (SKD) condition.

The company was nationalized in 1972 and started assembling and marketing tractors on behalf of Pakistan Tractor Corporation (PTC) which was formed by the Government for import of tractors in SKD condition.