Pakistan has a large scale of textile industry

Pakistan has a large scale of textile industry, but weak foundation of chemical fiber industry, so its raw materials are mainly dependent on imports. Considering whether political relations or geographical location, China is the best source of raw materials for Pakistan. In 2022, Pakistan is the second largest destination for China's VSF and PSF exports. In the export of other chemical fiber products, Pakistan is also basically at the forefront.
Unlike Turkey, although the earthquake disaster is horrifying and has caused greater loss of life and property, it is regional and limited to a country's industry. In the article "Will Turkey's earthquake hit cellulose fiber industry?", we have analyzed that the textile industry in the quake-stricken areas of Turkey accounts for only about 6% of the country, but the currency crisis in Pakistan will inevitably affect the national industry. At present, Pakistan is actively seeking loans from the institutions such as IMF to overcome the crisis, but the IMF has high requirements for the country in areas such as anti-corruption. If Pakistan cannot meet the specific requirements of the IMF, then its foreign exchange reserves will dry up.