12 April 2004	Monday	21 Safar 1425

According to the Statement of Affairs of the State Bank of Pakistan, for the week ended April 03, 2004, balances held outside Pakistan in approved foreign exchange rose in the week under review.

It stood at Rs132,459.649 million over preceding week's figure of Rs129,599.974 million, showing a rise of Rs2,859.675 million. Compared to last year's corresponding figure of Rs108,380.922 million, the current week's figure is substantially higher by Rs24,078.753 million.

Loans and advances of scheduled banks to the three sectors - agricultural, industrial and export showed a mixed trend in the week under review. The agricultural sector received Rs55,675.539 million, similar to preceding week's figure. The current week's figure is larger by Rs1,704.466 million over last year's corresponding figure of Rs53,971.073 million.

There was an inflow of Rs2,387.491 million to the industrial sector during the week under review, against preceding week's figure of Rs2,393.844 million showing a fall of Rs6.353 million. When compared to last year's corresponding figure of Rs2,942.963 million, the current week's figure is lower by Rs555.472 million.

The export sector received Rs79,858.974 million against previous week's figure of Rs79,444.693 million, showing a rise of Rs414.281 million. Current week's figure was larger by Rs36,226.576 million over last year's corresponding figure of Rs43,632.398 million.

According to the weekly statement of position of scheduled banks for the week ended March 27, 2004, the sum of demand and time liabilities increased in the week under review.

The sum total stood at Rs1,946,343 million against preceding week's Rs1,935,178 million, showing a rise of Rs11,165 million. As compared to the total deposits of Rs1,665,580 million in the corresponding period last year, current week's deposits were higher by Rs280,763 million.

During the week under review, demand deposits stood at Rs978, 845 million, a rise of Rs14,053 million over previous week's Rs964,792 million. It was also higher against last year's corresponding figure of Rs760,367 million by Rs18,478 million.

However, time deposits decreased in the current week, over preceding week's figure. At Rs967,498 million it was smaller by Rs3,428 million over previous week's Rs970,926 million and by Rs62,285 million, over last year's corresponding figure of Rs905,213 million.

Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities rose in the current week. At Rs150,867 million it was larger by Rs1,903 million over preceding week's Rs148,964 million. Compared to last year's corresponding figure of Rs128,437 million, the current week's figure is higher by Rs22,430 million.

Scheduled banks borrowings from banks abroad stood at Rs4,367 million in the current week, as against Rs 3,614 million a week ago, showing a rise of Rs753 million. It was smaller by Rs10,375 million over last year's corresponding figure of Rs14,742 million.

Money at call and short notice in Pakistan increased in the week over previous week's figure. It stood at Rs32,249 million, a rise of Rs1,275 million over preceding week's Rs30,974 million. When compared to last year's corresponding figure of Rs22,424 million, the current figure is higher by Rs8,529 million.

Scheduled banks advances including bills purchased and discounted decreased in the week under review. At Rs1,211,416 million it was smaller by Rs19,988 million over preceding week's Rs1,231,404 million.

Compared to the corresponding figure a year ago, when advances were to the tune of Rs996,956 million, the current week's advances are higher by Rs214,460 million.

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

Such investments amounted to Rs757,625 million, a rise of Rs3,435 million over previous week's Rs754,190 million. Compared to last year's corresponding figure of Rs690,181 million, the current week's investment is higher by Rs67,444 million.

Total assets of scheduled banks decreased in the week under review. These stood at Rs2,770,951 million against previous week's Rs2,780,030 million, a fall of Rs2,770,951 million. Compared to last year's corresponding figure of Rs2,551,114 million it shows a rise of Rs219,837 million.