ACCORDING to the Statement of Affairs of the State Bank of Pakistan, for the week ended October 20, 2001 both notes in circulation and those issued continued to show an increase in the week under review.

Notes in circulation stood at Rs418,270.680 million against preceding week’s Rs415,527.947 million, showing an increase of Rs2,742.733 million. When compared to the corresponding week a year ago, when it was Rs374,432.897 million, the current week’s figure is higher by Rs43,837.783 million.

Total notes issued also showed a rise in the current week. At Rs418,414.033 million, it was higher by Rs2,681.91 million over a week earlier figure of Rs415,732.123 million. In the corresponding week last year it amounted to Rs374,524.755 million, which shows an increase of Rs43,889.278 million over the year.

Approved foreign exchange, which had fallen a week earlier, rose in the current week. It stood at Rs119,085.852 million, showing arise of Rs1,678.277 million over previous week’s Rs117,407.575 million. When compared to last year’s corresponding figure of Rs48,092.214 million’ the current week’s figure is higher by Rs70,993.638 million.

Balances held outside Pakistan in approved foreign exchange, continued to rise in the week under review. It stood at Rs20,165.470 million, over preceding week’s figure of Rs17,274.361 million, showing an increase of Rs2,891.109 million. Compared to last year’s corresponding figure of Rs12,545.376 million, the current week’s figure is larger by Rs7,620.094 million.

Loans and advances of scheduled banks to the three sectors, agricultural, industrial and export showed a mixed picture in the week under review. The agricultural sector received Rs54,313.790 million, similar preceding week’s figure. The current week’s figure is larger by Rs431.888 million over last year’s corresponding figure of Rs53,881.902 million.

There was an inflow of Rs3,957.037 million to the industrial sector during the week under review, depicting a decrease of Rs5.164 million over previous week’s Rs3,962.201 million. Compared to last year’s corresponding figure of Rs4,899.586 million, the current week’s figure is lower by Rs942.549 million.

The export sector received Rs58,135.227 million, over previous week’s Rs57,616.378 million, showing a rise of Rs518.849 million. Current week’s figure was lower by Rs18,278.729 million over last year’s corresponding figure of Rs76,413.956 million.

According to the weekly statement of position of scheduled banks for the week ended October 13,2001 the sum of demand and time liabilities showed a decrease as demand deposits showed a drop in the million, showing a fall of Rs1,491 million. As compared to the total deposits of Rs1,188,202 million in the corresponding period last year, current week’s deposits were higher by Rs98,730 million.

During the week under review, demand deposit, fell further to Rs561,348 million, or by Rs1,713 million over previous week’s Rs563,061 million, but was higher against last year’s corresponding figure of Rs496,690 million, by Rs64,658 million.

In the current week time deposits were higher over the preceding week and against the corresponding week last year. At Rs725,584 million it was higher by Rs222 million over previous week’s Rs725,362 million, and by Rs34,072 million against last year’s corresponding figure of Rs691,512 million.

Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities rose in the current week. At Rs128,295 million it was larger by Rs6,373 million over preceding week’s Rs121,558 million. Compared to last year’s corresponding figure of Rs152,415 million, the current week’s figure is lower by Rs24,210 million.

Scheduled banks borrowings from banks abroad stood at Rs15,066 million in the current week, as against Rs14,498 million a week ago, showing a rise of Rs568 million. It was lower by Rs17,042 million over last year’s corresponding figure of Rs32,108 million.

Money at call and short notice in Pakistan showed a decline in the week under review. It stood at Rs45,645 million, showing a fall of Rs594 million over preceding week’s Rs46,239 million. Current week’s figure was lower by Rs4,969 million against last year’s corresponding figure of Rs40,676 million.

Scheduled banks advances including bills purchased and discounted, showed a rise in the week under review. At Rs928,579 million it was higher by Rs3,623 million over preceding week’s Rs924,956 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs860,529 million, the current week’s advances are higher by Rs68,050 million.

Scheduled banks investment in central government securities, Treasury bills and other approved securities recorded a fall in the week under review. Such investment amounted to Rs304,978 million, a fall of Rs4,625 million over previous week’s Rs309,603 million. Compared to last year’s corresponding figure of Rs293,610 million, the current week’s investment is higher by Rs11,368 million. Total assets of scheduled banks rose in the week under review. These rose to Rsl,989,429 million against previous week’s Rs1,982,689 million showing an increase of Rs6740 million. Compared to last year’s corresponding figure of Rs1,836,753 million it shows a rise of Rs152,676 million.