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Umar Jatoi Profile picture
Umar Jatoi
@UmarJatoi10
Nov 13, 2021 • 5 tweets • 2 min read
Rs.2 trillion moving out of banks to SBP due to Treasury Single Account (TSA) is too much of an exaggeration.

Implementation of TSA started with passing of Public Finance Management Act, 2019 on IMF direction.
MoF divided TSA system into TSA-I & TSA-II TSA-I included transfer of cash balances of Ministries/Divisions/Attached Departments

MoF started implementing TSA-I in FY21 & has already completed it in June,21
A look at bank deposits indicates that TSA-I didn't make a dent in gov deposits which actually grew by 280B in FY21
Oct 24, 2021 • 4 tweets • 1 min read
My favorite bit while exploring this crisis was a research report by Alfalah Securities. On 11-01-2005, they issued a daily report, titled "“PTCL revenues to get inflated by potential reversal in APC revenues provisioning in 1QFY05 (Our Sources)”. The report claimed that Al-Falah Securities has sources in PTCL, and as per those sources, PTCL revenues are to increase due to non-incorporation of certain adjustments, allowed in the rules released by Ministry of Telecommunication). 😂😂
Oct 24, 2021 • 45 tweets • 10 min read
In March, 2005, #KSE100 dropped ~30% in a matter of two weeks. There were allegations of gross manipulation by brokers, and a taskforce constituted to probe the matter discovered many manipulative practices, some still relevant today, which I thought I would detail here in a🧵 2/ KSE100 went from 10,500 on 16th march to 7,500 on 16th April, 2005. Media,and protestors infront of KSE office,started demanding inquiry into the huge and sudden drop. Under public pressure,SECP set up a Taskforce on 12-04-2005 to investigate the developments in #StockMarket.