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
-
Over the weekend, a delegation from the Pakistan Muslim League-Nawaz (PML-N), led by Shehbaz Sharif, engaged in discussions with Asif Zardari and Bilawal Bhutto of the Pakistan Peoples Party (PPP), addressing the nation's current affairs and exploring potential avenues ...
-
On Tuesday, the Supreme Court of Pakistan directed both the federal and Punjab governments to set up a video-link system for imprisoned Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan. This will enable him to present his arguments in the National Accountability Bureau (NA...
Facebook Comments