October 15, 2001	Monday	Rajab 27, 1422

THE State Bank of Pakistan on October 1O, pumped in Rs6.75 billion in the inter-bank money market. The State Bank of Pakistan provided the liquidity by purchasing the Treasury Bills for one week at 9.55 per cent at a special open market operation.

According to the statement of affairs of the SBP for the week ended October 6, both notes in circulation and those issued continued to show an increase in the week under review. Notes in circulation stood at Rs409,649.479 million against preceding week’s Rs397,515.218 million, showing an increase of Rs12,134.261 million.

Compared to the corresponding week a year ago when it was Rs366,881.151 million, the current week’s figure is higher by Rs42,768.328 million.

The total notes issued also showed a fall in the current week. At Rs409,817.504 million it was higher by Rs12,095.47 million over the earlier week figure of Rs397,722.034 million.

In the corresponding week of the last year it amounted to Rs367,022.564 million, which shows an increase of Rs42,794 million over the year.

The approved foreign exchange, rose in the week under review as against a decline recorded a week earlier. It stood at Rs118,646.275 million, showing a rise of Rs2,473.086 million over previous week’s Rs116,173.189 million.

When compared to last year’s corresponding figure of Rs49,390.666 million, the current week’s figure is higher by Rs69,255.609 million.

Balances held outside Pakistan in approved foreign exchange, declined in the week under review after having risen substantially a week earlier.

It stood at Rs16,144.149 million over preceding week’s figure of Rs19,9l8.451 million, showing a decrease of Rs3,774.302 million.

Compared to last year’s corresponding figure of Rs10,939.008 million, the current week’s figure is larger by Rs5,205.141 million.

Loans and advances of scheduled banks to the three sectors, agricultural, industrial and export showed a mix picture in the week under review.

The agricultural sector received Rs54,504.985 million, similar to preceding week’s figure. The current week’s figure is larger by Rs5,427.455 million, over last year’s corresponding figure of Rs49.077.540 million.

There was an inflow of Rs3,994.822 million in the industrial sector during the week under review, depicting a decrease of Rs46.777 million over previous week’s Rs4,041.599 million.

Compared to last year’s corresponding figure of Rs4,911.935 million, the current week’s figure is lower by Rs917.113 million.

The export sector received Rs56,921.914 million over the previous week’s Rs59,758.006 million, showing a decline of Rs2,836.092 million. The current week’s figure was lower by Rs18,913.742 million over the last year’s corresponding figure of Rs75,835.565 million.

According to the weekly statement of position of scheduled banks for the week ended August 29, 2001, the sum of demand and time liabilities showed an increase as the demand deposit rose, while the time liabilities fell in the week.

The sum total stood at Rs1,295,560 million against preceding week’s Rs1,294,064 million, showing a rise of Rs1,496 million.

As compared to the total deposits of Rs1,211,283 million in the corresponding period last year, current week’s deposits were higher by Rs84,277 million.

During the week under review, demand deposit rise to Rs569,945 million, or by Rs2,637 million, over previous week’s Rs567,308 million and was also higher against last year’s corresponding figure of Rs506,891 million by Rs63,054 million.

In the current week, time deposits were lower over the preceding week but higher against the corresponding week last year.

At Rs725,615 million it was smaller by Rs1,141 million over the previous week’s Rs726,756 million, and by Rs21,223 million against last year’s corresponding figure of Rs704,392 million.

Scheduled banks borrowings from the State Bank of Pakistan against the promissory notes and other approved securities fell in the current week.

At Rs125,033 million it was smaller by Rs1,181 million over the preceding week’s Rs126,214 million.

Compared to last year’s corresponding figure of Rs135,137 million, the current week’s figure is lower by Rs10,104 million.

The scheduled banks borrowings from banks abroad stood at Rs14,944 million in the current week, as against Rs15,741 million a week ago, showing a fall of Rs797 million. It was lower by Rs15,730 million over last year’s corresponding figure of Rs30,674 million.

Money at call and short notice in Pakistan showed an increase in the week under review.

It stood at Rs43,866 million, showing an increase of Rs4681 million, over preceding week’s Rs39,185 million. The current week’s figure was higher Rs4,574 million against last year’s corresponding figure of Rs39,292 million.

The scheduled banks’ advances including bills purchased and discounted, fell in the week under review.

At Rs922,817 million it was lower by Rs5,979 million over the preceding week’s Rs928,796 million. Compared to the corresponding figure a year ago, when the advances were to the tune of Rs854,500 million, the current week’s advances are higher by Rs68,317 minion.

The scheduled banks investment in central government securities, Treasury bills and other approved securities, recorded a substantial rise in the week under review.

Such investments amounted to Rs311,471 million, a rise of Rs39,813 minion over previous week’s Rs271,658 million. Compared to last year’s corresponding figure of Rs322,774 million, the current week’s investment is higher by Rs1 1303 million.

The total assets of all scheduled banks also fell in the week under review.

These recorded a decline to Rs1,984,070 million, against previous week’s Rs2,002,875 million or by Rs18,805 million. When the current week’s figure is compared to the corresponding week last year’s Rs1,839,089 million, it shows a rise of Rs144,981 million.