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
-
In a groundbreaking research initiative led by Nadia Saleem and Saba Sadiq from the Virtual University of Pakistan, the cultural landscape of the nation takes center stage as the study investigates the influence of Turkish dramas on the youth demographic. Despite being a ...
-
"Mere Paas Tum Ho," is a gripping drama penned by renowned writer Khalil-ur-Rehman Qamar. The storyline revolves around complex relationships, love, and societal expectations. The characters and their emotional journeys have resonated deeply with viewers, contributing to the s...
Facebook Comments