ACCORDING to the Weekly Statement of Position of Scheduled Banks for the week ended July 20,2002, the sum of demand liabilities rose in the week under review, primarily because of a rise in time liabilities.

The sum total stood at Rs1,482,892 million, showing a rise of Rs2,696 million over preceding week’s figure of Rs1,480,196 million. As compared to the total deposits of Rs1,289,091 million in the corresponding period last year, the current week’s deposits were higher by Rs193,801 million.

During the week under review, demand deposits fell by Rs1,253 million, declining to Rs654,244 million over previous week’s Rs655,497 million. It was higher against last year’s corresponding figure of Rs564,464 million by Rs89,780 million.

Meanwhile, time liabilities rose by Rs3,949 million to Rs828,648 million against the preceding week’s Rs824,699 million. Compared to last year’s corresponding figure of Rs724,627 million, the current week’s figure is higher by Rs104,021 million.

Scheduled banks borrowings from the State Bank of Pakistan against the promissory notes and other approved securities rose in the current week. At Rs135,453 million it was higher by Rs1,254 million over the preceding week’s Rs134,199 million. Compared to last year’s corresponding figure of Rs138,196 million, the current week’s figure is lower by Rs2,743 million.

Scheduled banks borrowings from banks abroad stood at Rs14,192 million in the current week, as against Rs14,084 million a week ago, showing an increase of Rs108 million. It was however, lower by Rs937 million over last year’s corresponding figure of Rs15,129 million.

Money at call and short notice in Pakistan increased in the week under review. It stood at Rs35,771 million, showing an increase of Rs659 million over the preceding week’s Rs35,112 million. When compared to last year’s corresponding figure of Rs30,607 million, the current week’s figure is higher by Rs5,164 million. Scheduled banks advances including bills purchased and discounted, showed a further fall in the week under review. At Rs953,607 million it was lower by Rs3,537 million over preceding week’s figure of Rs957,144 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs935,878 million, the current week’s advances are higher by Rs17,729 million.

Scheduled banks investment in central government securities, Treasury bills and other approved securities declined in the week under review. Such investments amounted to Rs504,480 million, showing a fall of Rs829 million over the previous week’s Rs505,309 million. Compared to last year’s corresponding figure of Rs322,267 million, the current week’s investment is higher by Rs182,213 million.

Total assets of scheduled banks increased in the week under review. These stood at Rs2,311,476 million against the previous week’s Rs2,301,370 million, showing a rise of Rs10,106 million.

Compared to last year’s corresponding figure of Rs1,967,944 million, the current week’s figure shows a rise of Rs343,532 million.