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
-
"Paradise Lost" is an epic poem penned by the renowned English poet John Milton. Published in 1667, this literary masterpiece stands as one of the most influential works in English literature. The poem narrates the biblical story of the Fall of Man, tracing the events from the...
-
John Keats, a Romantic poet of the 19th century, is celebrated for his exquisite lyricism and profound exploration of beauty, nature, and the transient nature of life. Born on October 31, 1795, in London, Keats left an indelible mark on English literature despite a tragically ...
Facebook Comments