The depletion of foreign exchange reserves will lead to further deterioration of the international balance of payment
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The depletion of foreign exchange reserves will lead to further deterioration of the international balance of payment

Views: 1     Author: Site Editor     Publish Time: 2023-04-03      Origin: Site

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The depletion of foreign exchange reserves will lead to further deterioration of the international balance of payment, making it more difficult for foreign exchange earnings. It is opposite for the payment of foreign exchange as some credit instruments will be temporarily excluded from the international trade system, which is likely to make Pakistan unable to pay imported textile raw materials, and even lead to food shortages or out of control of prices. Coupled with the complicated political situation in the country, it may become the next Sri Lanka.

For China's fiber and textile industry, when exporting fiber to Pakistan, the safety of funds should be given top priority, and relevant insurance must be in place. It is not recommended to export to Pakistan without guarantee. At the same time, Chinese yarn and textile enterprises can pay attention to the transfer of international orders, accepting orders that may be transferred from Pakistan and Turkey.


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