According to the Statement of Affairs of the State Bank of Pakistan, for the week ended January 8, 2005, both notes in circulation and those issued increased in the week.
Notes in circulation stood at Rs705,643.516 million against earlier week's figure of Rs690,946.226 million, a rise of Rs14,697.29 million. When compared to the corresponding week a year ago when it was Rs609,826.216 million, the current week's figure is higher by Rs95,817.3 million.
Total notes issued also rose in the current week over preceding week's level. At Rs705,751.584 million it was larger by Rs14,679.364 million over the figure of Rs691,072.220 million recorded a week earlier.
In the corresponding week last year it amounted to Rs609,971.674 million, which shows current week's figure to be higher by Rs95,779.91 million over last year's corresponding figure.
Approved foreign exchange rose in the week to Rs425,511.690 million or by Rs3,638.897 million over preceding week's figure of Rs421,872.793 million. When compared to the corresponding week a year ago, when the figure was Rs511,950.056 million, the current week's figure was smaller by Rs86,438.366 million.
Balances held outside Pakistan in approved foreign exchange fell in the week under review. It stood at Rs139,752.817 million over preceding week's figure of Rs147,057.844 million, a fall of Rs7,305.027 million. Compared to last year's corresponding figure of Rs107,383.679 million, the current week's figure is substantially higher by Rs32,369.138 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 Rs57,591.444 million, lower by Rs3,146 million against preceding week's figure of Rs60,737.444 million. The current week's figure is larger by Rs2,238.305 million over last year's corresponding figure of Rs55,353.139 million.
There was an inflow of Rs1,169.387 million to the industrial sector during the week under review, similar to preceding week's figure. When compared to last year's corresponding figure of Rs2,542.233 million, the current week's figure is lower by Rs1,372.846 million.
The export sector received Rs103,982.168 million against previous week's figure of Rs102,522.453 million, a rise of Rs1,459.715 million. Current week's figure was larger by Rs26,766.148 million over last year's corresponding figure of Rs77,216.020 million.
