According to the weekly statement of position of scheduled banks for the week ended August 16 2003, the sum of demand and time liabilities continued to increase in the week under review.

The sum total stood at Rs1,779,076 million against the preceding week’s Rs1,773,869 million, showing a rise of Rs5,207 million. As compared to the total deposits of Rs1,511,012 million in the corresponding period last year, current week’s deposits were higher by Rs268,064 million.

During the week under review, both demand and time deposits rose. Demand deposits increased to Rs851,972 million, a rise of Rs5,180 million over previous week’s Rs846,792 million. It was also higher against last year’s corresponding figure of Rs671,585 million by Rs180,387 million.

In the current week, time deposits were higher over preceding week’s figure. At Rs927,104 million, it was larger by Rs27 million over previous week’s Rs927,077 million and by Rs87,677 million, over last year’s corresponding figure of Rs839,427 million.

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

At Rs130,182 million it was smaller by Rs94 million over preceding week’s Rs130,276 million. Compared to last year’s corresponding figure of Rs128,501 million, the current week’s figure is higher by Rs1,681 million.

Scheduled banks borrowings from banks abroad stood at Rs20,626 million in the current week, as against Rs20,403 million a week ago, showing a rise of Rs223 million. It was larger by Rs6,813 million over last year’s corresponding figure of Rs13,813 million.

Money at call and short notice in Pakistan increased in the week under review. It stood at Rs24,010 million, a rise of Rs589 million over preceding week’s Rs23,421 million. When compared to last year’s corresponding figure of Rs38,676 million, the current figure is lower by Rs14,666 million.

Scheduled banks advances including bills purchased and discounted increased in the week under review. At Rs1,046,643 million it was larger by Rs4,694 million over preceding week’s Rs1,041,949 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs938,346 million, the current week’s advances are higher by Rs108,297 million.

Scheduled banks investment in central government securities, Treasury bills and other approved securities decreased in the current week when compared to the preceding week’s level.

Such investments amounted to Rs783,707 million, a fall of Rs1,415 million over previous week’s Rs785,122 million. Compared to last year’s corresponding figure of Rs546,076 million, the current week’s investment is higher by Rs237,631 million.

Total assets of the scheduled banks increased in the week under review. These stood at Rs2,544,674 million against previous week’s Rs2,533,202 million, a rise of Rs11,472 million. Compared to last year’s corresponding figure of Rs2,369,363 million it shows a rise of Rs175,311 million.