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 internati Read More
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 sec Read More
Textile is Pakistan's largest industry, which has created 67% of Pakistan's foreign exchange income and 40% of direct or indirect jobs, so it is indisputably the largest pillar industry of the country. According to CCFGroup's statistics, Pakistan had more than 15 million spindles of spun yarn capaci Read More
China ranks Pakistan as its only "all-weather strategic partner" under the highest level of China's diplomatic relations. The Ministry of Foreign Affairs' reminder clearly mentioned that "Pakistan's security situation is severe and complex", so we can imagine that the current situation in the countr Read More
Some plants reflect that the “good start” after the holiday is too short. In Jiangyin of Jiangsu Province, some plants even say that plants that restart earlier intend to cut operating rate. If the inventory keeps accumulating and downstream demand sees no improvement, re-PSF plants are likely to cu Read More
Sales are unsmooth. Chinese local demand is ordinary, and export orders see no improvement (some plants reflect that there are no export orders for socks and sweaters). Some plants continue to conclude previous orders, and new orders are inadequate after the Spring Festival holiday. Downstream buyer Read More
