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 the early hours of the morning, the Interior Minister visited the Police Lines to boost the morale of the police force. He praised the Islamabad Police for their dedication to maintaining law and order.
Addressing the police force, Mohsin Naqvi mentioned that o...
-
Thousands of followers of Pakistan’s ex-Prime Minister Imran Khan are mobilizing toward the capital city, Islamabad, urging his release from incarceration and pressing for the resignation of the current government. In anticipation of the protes...
Facebook Comments