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
-
U.S. President Donald Trump has extended a self-imposed deadline for potential strikes on Iran’s power infrastructure to April 6, citing progress in ongoing efforts to end the conflict.
-
Tensions in the Gulf region escalated after Iran reportedly launched attacks toward Kuwait following recent U.S. military strikes on Iranian positions near the Strait of Hormuz. According to U.S. Central Command, the operation targeted Iranian sites overlooking the strategi...
Facebook Comments