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
-
SK Networks, an affiliate of SK Group, has committed a KRW 25 billion ($19 million) investment in Upstage, a Korean startup specializing in generative AI solutions. The investment is part of Upstage's Series B funding, positioning SK Networks as the lead investor. Upstage is r...
-
Deepfake technology, an intricate amalgamation of artificial intelligence and machine learning, has emerged as a potent force in the realm of digital manipulation, raising both awe and concern. This advanced technology enables the creation of hyper-realistic, computer-generate...
Facebook Comments