According to the Statement of Affairs of the State Bank of Pakistan, for the week ended December 18, 2004, both notes in circulation and those issued declined in the week.
Notes in circulation stood at Rs708,887.303 million against earlier week's figure of Rs711,920.147 million, a fall of Rs3,032.844 million. When compared to the corresponding week a year ago when it was Rs608,908.213 million, the current week's figure is higher by Rs99,979.09 million.
Total notes issued also declined in the current week over preceding week's level. At Rs709,045.336 million it was smaller by Rs3,013.456 million over the figure of Rs712,058.792 million recorded a week earlier.
In the corresponding week last year it amounted to Rs609,076.097 million, which shows current week's figure to be higher by Rs99,969.239 million over last year's corresponding figure.
Approved foreign exchange declined in the week, falling to Rs418,927.704 million or by Rs100.503 million over preceding week's figure of Rs419,028.207 million. When compared to the corresponding week a year ago, when the figure was Rs525,458.896 million, the current week's figure was smaller by Rs106,531.192 million.
Balances held outside Pakistan in approved foreign exchange fell in the week under review. It stood at Rs129,693.896 million over preceding week's figure of Rs135,863.547 million, a fall of Rs6,169.651 million. Compared to last year's corresponding figure of Rs79,905.332 million, the current week's figure is substantially higher by Rs49,788.564 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 Rs59,386.694 million, higher by Rs1,000 million against preceding week's figure of Rs583,386.694 million. The current week's figure is larger by Rs3,942.79 million over last year's corresponding figure of Rs55,443.904 million.
There was an inflow of Rs1,183.234 million to the industrial sector during the week under review, against preceding week's figure of Rs1,183.834 million, showing a fall of Rs0.6 million. When compared to last year's corresponding figure of Rs2,608.390 million, the current week's figure is lower by Rs1,425.156 million.
The export sector received Rs99,925.132 million against previous week's figure of Rs99,150.447 million, a rise of Rs774.685 million. Current week's figure was larger by Rs24,386.371 million over last year's corresponding figure of Rs75,538.761 million.
According to the weekly statement of position of scheduled banks for the week ended December 18, 2004, the sum of demand and time liabilities rose in the week under review.
The sum total stood at Rs2,222,188 million against preceding week's Rs2,197,173 million, a rise of Rs25,015 million. As compared to the total deposits of Rs1,846,427 million in the corresponding period last year, current week's deposits were higher by Rs375,761 million.
During the week under review, demand deposits stood at Rs1,126,780 million, a rise of Rs.3,701 million over previous week's Rs1,123,079 million. It was also higher against last year's corresponding figure of Rs921,793 million by Rs204,987 million.
Time deposits rose in the current week. At Rs1,095,408 million it was higher by Rs21,314 million over previous week's Rs1,074,094 million and by Rs170,774 million over last year's corresponding figure of Rs924,634 million.
Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities rose in the current week. At Rs.174,102 million it was higher by Rs1,622 million over preceding week's Rs172,480 million. Compared to last year's corresponding figure of Rs152,078 million, the current week's figure is higher by Rs22,024 million.
Scheduled banks borrowings from banks abroad stood at Rs6,920 million in the current week, as against Rs8,598 million a week ago, a fall of Rs1,678 million. It was smaller by Rs13,591 million over last year's corresponding figure of Rs20,511 million.
Money at call and short notice in Pakistan rose in the week over previous week's figure. It stood at Rs34,471 million, a rise of Rs2,485 million over preceding week's Rs31,986 million. When compared to last year's corresponding figure of Rs20,975 million, the current week's figure is higher by Rs13,496 million.
Scheduled banks' advances including bills purchased and discounted rose in the week under review. At Rs1,573,243 million it was larger by Rs34,652 million over preceding week's Rs1,538,591 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs1,157,835 million, the current week's advances are higher by Rs415,408 million.
Scheduled banks investment in central government securities, Treasury bills and other approved securities showed a fall in the current week when compared to preceding week's level.
Such investments amounted to Rs641,087 million, a fall of Rs.16,840 million over previous week's Rs657,927 million. Compared to last year's corresponding figure of Rs767,068 million, the current week's investment is smaller by Rs125,981 million.
Total assets of scheduled banks increased in the week under review. These stood at Rs3,163,240 million against previous week's Rs3,143,963 million, a rise of Rs19,277 million. Compared to last year's corresponding figure of Rs2,660,040 million, it shows a rise of Rs503,200 million.
