According to the Statement of Affairs of the State Bank of Pakistan, for the week ended April 19, 2003, both notes in circulation and those issued declined in the week under review.
Notes in circulation stood at Rs524,694.027 million against earlier week’s figure of Rs529,153.143 million, showing a fall of Rs4,459.116 million. When compared to the corresponding week a year ago when it was Rs457,128.658 million, the current week’s figure is higher by Rs67,565.369 million.
Total notes issued also recorded a drop in the current week. At Rs524,858.853 million it was smaller by Rs4,504.174 million over the figure of Rs529,363.027 million recorded a week earlier. In the corresponding week last year it amounted to Rs457,339.144 million, which shows current week’s figure to be higher by Rs67,519.709 million over last year’s figure.
Approved foreign exchange showed an increase in the week to Rs451,520.644 million, larger by Rs489.788 million over preceding week’s figure of Rs451,030.856 million. When compared to the corresponding week a year ago, when the figure was Rs210,167.019 million, the current week’s figure was higher by Rs241,353.625 million.
Balances held outside Pakistan in approved foreign exchange showed a further increase in the week under review. It stood at Rs94,831.162 million over preceding week’s figure of Rs93,874.552 million, showing a rise of Rs956.610 million. Compared to last year’s corresponding figure of Rs25,928.145 million, the current week’s figure is higher by Rs68,903.017 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 Rs53,971.073 million similar to preceding week’s figure. The current week’s figure is lower by Rs109.368 million over last year’s corresponding figure of Rs54,019.441 million.
There was an inflow of Rs2,933.903 million to the industrial sector during the week under review, depicting a decline of Rs7.922 million over previous week’s Rs2,941.825 million. When compared to last year’s corresponding figure of Rs3,621.449 million, the current week’s figure is lower by Rs687.546 million.
The export sector received Rs45,702.849 million against previous week’s figure of Rs44,545.089 million, showing a rise of Rs1,157.76 million. Current week’s figure was smaller by Rs11,654.341 million over last year’s corresponding figure of Rs57,357.190 million.
According to the weekly statement of position of scheduled banks for the week ended April 12, 2003, the sum of demand and time liabilities declined in the week under review. The sum total stood at Rs1,645,195 million against preceding week’s Rs1,647,130 million, showing a fall of Rs1,935 million. As compared to the total deposits of Rs1,392,874 million in the corresponding period last year, current week’s deposits were higher by Rs252,321 million.
During the week under review, time deposits declined while demand deposits rose. Demand deposits rose to Rs749,462 million, showing a rise of Rs3,952 million over previous week’s Rs745,510 million. It was also higher against last year’s corresponding figure of Rs620,404 million by Rs129,058 million.
In the current week, time deposits were lower over preceding week, but higher against the corresponding week last year. At Rs895,733 million, it was smaller by Rs5,887 million over previous week’s Rs901,620 million, but larger by Rs123,263 million, over last year’s corresponding figure of Rs772,470 million.
Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities further increased in the current week. At Rs129,520 million it was larger by Rs810 million over preceding week’s Rs128,710 million. Compared to last year’s corresponding figure of Rs128,286 million, the current week’s figure is higher by Rs1,234 million.
Scheduled banks borrowings from banks abroad stood at Rs14,412 million in the current week, as against Rs14,715 million a week ago, showing a fall of Rs303 million. It was smaller by Rs259 million over last year’s corresponding figure of Rs14,153 million.
Money at call and short notice in Pakistan increased in the week under review. It stood at Rs23,693 million, a rise of Rs3,594 million over preceding week’s Rs20,099 million. When compared to last year’s corresponding figure of Rs41,080 million, the current figure is lower by Rs17,387 million.
Scheduled banks advances, including bills purchased and discounted, which had fallen earlier, rose in the week under review. At Rs995,074 million it was larger by Rs1,179 million over preceding week’s Rs993,895 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs957,321 million, the current week’s advances are higher by Rs37,753 million.
Scheduled banks investment in central government securities, Treasury bills and other approved securities declined further in the current week. Such investments amounted to Rs687,889 million, a fall of Rs1,590 million over previous week’s Rs689,479 million. Compared to last year’s corresponding figure of Rs384,492 million, the current week’s investment is higher by Rs303,397 million.
Total assets of scheduled banks fell in the week under review.
