Latest
Pakistan's Sugar Sector Records Record Earnings in FY23
The sugar sector in Pakistan achieved a milestone with record earnings of Rs22 billion in the fiscal year 2023, marking a substantial 78% increase year-on-year. The surge in earnings is attributed to a rise in sugar prices, resulting in improved gross margins for the sector. The performance of ethanol, a by-product of sugar, also contributed to the sector's success in FY23. Ethanol experienced enhanced performance due to favorable selling prices in the international market, coupled with the devaluation of the Pakistani rupee. The robust financial results underscore the positive trends and profitability within Pakistan's sugar industry during the specified fiscal period.
About The Author
Zabitah is a digital space dedicated to fostering open dialogue, understanding, and progress in our ever-evolving society. Zabitah believes in the power of unbiased information, constructive conversations, and diverse perspectives to shape a better tomorrow.
You Might Also Like
-
As the upcoming elections draw near, Pakistan finds itself in the midst of a political whirlwind, with the major players employing various strategies to secure their positions. The dynamics are as unpredictable as ever, showcasing the intricate web of alliances, betrayals, and...
-
Luis Rubiales, the ex-president of the Spanish football federation, has been handed a decisive three-year ban by FIFA in response to his controversial behavior following the Women's World Cup final. The ban comes in the wake of reports detailing inappropriate conduct to...
Facebook Comments