Pakistan's current account has again gone deeply negative - approaching 5% of GDP now: Dr Atif Mian

[Norwegian]

https://twitter.com/x/status/1487813258362998785

https://twitter.com/x/status/1487813261009555459

https://twitter.com/x/status/1487813262318129152

@RiazHaq @Wood @Patriot forever @blain2 @Jungibaaz @farok84 @blueazure @El Sidd @Jazzbot @koolio @ghazi52 @AZ1 @Zibago

 

[Flight of falcon]

Why is this Atif guy all of a sudden so active in propagating negative news and gloom and doom scenario??? Has he looked around and seen the oil prices and inflation world wide ???

 

[Norwegian]

Why is this Atif guy all of a sudden so active in propagating negative news and gloom and doom scenario?

Because the reality of Pakistan's finances are gloom and doom. When you are very sick, you don't complain to the doctor for telling you what really is wrong with your body.

 

[Maula Jatt]

Why is this Atif guy all of a sudden so active in propagating negative news and gloom and doom scenario??? Has he looked around and seen the oil prices and inflation world wide ???

Atif gone patwari? (jk)

 

[Norwegian]

Atif gone patwari? (jk)

No, Dr Atif Mian has been trying to help this govt since August 2018. He even agreed to be part of govts economic advisory council to help Pakistan come out of this doom and gloom. But his very presence was resisted by the people of Pakistan and he was booted out with disgust, along with Harvard and London School of Economics experts that joined because of Dr Atif Mian's macro economic expertise

More embarrassment for govt as second economist resigns from EAC over Atif Mian's exclusion

Dr Imran Rasul says he "profoundly disagree[s]" with the circumstances in which Atif Mian was asked to resign.

www.dawn.com

 

[Maula Jatt]

No, Dr Atif Mian has been trying to help this govt since August 2018. He even agreed to be part of govts economic advisory council to help Pakistan come out of this doom and gloom. But his very presence was resisted by the people of Pakistan and he was booted out with disgust, along with Harvard and London School of Economics experts that joined because of Dr Atif Mian's macro economic expertise

More embarrassment for govt as second economist resigns from EAC over Atif Mian's exclusion

Dr Imran Rasul says he "profoundly disagree[s]" with the circumstances in which Atif Mian was asked to resign.

www.dawn.com

I know

 

[Jungibaaz]

https://twitter.com/x/status/1487813258362998785

https://twitter.com/x/status/1487813261009555459

https://twitter.com/x/status/1487813262318129152

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@RiazHaq @Wood @Patriot forever @blain2 @Jungibaaz @farok84 @blueazure @El Sidd @Jazzbot @koolio @ghazi52 @AZ1 @Zibago

He’s a pro economist, but if you remember our discussions last year. Saying that the brief respite in CAD and minor surplus was only temporary due to Covid and not underlying economic strength, this is basically the reversion from that brief break in the cycle.

 

[Flight of falcon]

He’s a pro economist, but if you remember our discussions last year. Saying that the brief respite in CAD and minor surplus was only temporary due to Covid and not underlying economic strength, this is basically the reversion from that brief break in the cycle.

It doesn’t take a genius to figure that out. It’s called common sense … what bothers me is that these people don’t acknowledge positive news.


Every dollar earned with increased export is a dollar less we have to borrow.

Let’s keep pushing and keep increasing our exports which is the ONLY way other than investment that will neutralize our CAD.

If we keep pushing to increase our exports and combined with remittances and investment we might just start to break even in few years .

He is qadiani and that’s why he was rejected

 

[Falcon26]

People can disagree with Dr atif Mian’s faith all they want. That’s fine. But to slander him and accuse him of being motivated by anything other than genuine care and professional interest is beyond the pale.

Despite the consistent stream of attacks and slander, Dr Atif Mian has been charitable in his diagnosis of Pakistan’s economic problems and has freely offered professional advise to correct course. He’s been doing so for more than a decade.

The notion that he’s anti PTI is laughable. He routinely criticizes the previous rulers. In fact, as someone that’s followed his writings for years, I will say he’s pro-PTI more than he’s anti-PTI.

 

[Patriot forever]

He’s a pro economist, but if you remember our discussions last year. Saying that the brief respite in CAD and minor surplus was only temporary due to Covid and not underlying economic strength, this is basically the reversion from that brief break in the cycle.

IMO that is not entirely an honest assessment. It is opposite extreme period we are going through.

1) We are going through a broad-based commodity inflationary cycle.

Bloomberg spot commodity index

( It is a joke to compare 2018 situation with the global situation now we are going through, the CAD would have been around $8-$10b if the commodity prices were at 2018 level across the spectrum , In 2018 our CAD was $19b something).

2) There are vaccines imports of around $2b. ( The portion not covered by financing)
3) There are some payments which are adjusted somewhere else.
Besides many other points.

The truth lies somewhere in the middle.

An ideal assessment would be 50%. Things have improved considerably but not to the extent to cover this type of situation.

 

[Flight of falcon]

People can disagree with Dr Arif Mian’s faith all they want. That’s fine. But to slander him and accuse him of being motivated by anything other than genuine care and professional interest is beyond the pale.

Despite the consistent stream of attacks and slander, Dr Atif Mian has been charitable in his diagnosis of Pakistan’s economic problems and has freely offered professional advise to correct course. He’s been doing so for more than a decade.

The notion that he’s anti PTI is laughable. He routinely criticizes the previous rulers. In fact, as someone that’s followed his writings for years, I will say he’s pro-PTI more than he’s anti-PTI.

I couldn’t care less if he is Christian, Qadiani or what ever ….don’t give a crap if he was anti or pro PTI but he is obviously not telling the truth and fudging numbers….. even a blind can see that.

 

[Bossman]

There is nothing new in what he saying. Everyone knew about many months a ago.

 

[The Accountant]

https://twitter.com/x/status/1487813258362998785

https://twitter.com/x/status/1487813261009555459

https://twitter.com/x/status/1487813262318129152

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@RiazHaq @Wood @Patriot forever @blain2 @Jungibaaz @farok84 @blueazure @El Sidd @Jazzbot @koolio @ghazi52 @AZ1 @Zibago

Yes Mr. Genious we know that very well and therefore all the efforts are for incentives investments and discourage import however mr. Genius failed to mention that current crisis involved historically high commodity prices of necessities like iron ire, petroleum even food.

So rather than highlighting the problem a solution will be more beneficial.

It is very criticize but real economist is the one who can actually solve the puzzle ...

People can disagree with Dr Arif Mian’s faith all they want. That’s fine. But to slander him and accuse him of being motivated by anything other than genuine care and professional interest is beyond the pale.

Despite the consistent stream of attacks and slander, Dr Atif Mian has been charitable in his diagnosis of Pakistan’s economic problems and has freely offered professional advise to correct course. He’s been doing so for more than a decade.

The notion that he’s anti PTI is laughable. He routinely criticizes the previous rulers. In fact, as someone that’s followed his writings for years, I will say he’s pro-PTI more than he’s anti-PTI.

Brother even a university kid know what he is talking about

 

[Sidacca]

Current account deficit was expected due high oil prices globally otherwise exports are increasing at commendable pace.....

 

[Imran Khan]

Le imran khan before elections 2018