ACCORDING to the Statement of Affairs of the State Bank of Pakistan, for the week ended April 23, 2005, both notes in circulation and those issued decreased in the week. Notes in circulation stood at Rs709,975.116 million against earlier week’s figure of Rs715,082.832 million, a fall of Rs5,107.716 million. When compared to the corresponding week a year ago when it was Rs614,820.414 million, the current week’s figure is higher by Rs95,154.702 million.

Total notes issued also fell in the current week over preceding week’s level. At Rs710,160.215 million it was smaller by Rs5,105.918 million over the figure of Rs715,266.133 million recorded a week earlier. In the corresponding week last year it amounted to Rs614,963.885 million, which shows current week’s figure to be higher by Rs95,196.33 million over last year’s corresponding figure.

Approved foreign exchange fell in the week to Rs505,308.820 million or by Rs1,385.113 million over preceding week’s figure of Rs506,693.933 million. When compared to the corresponding week a year ago, when the figure was Rs467,164.830 million, the current week’s figure was higher by Rs38,143.99 million.

Balances held outside Pakistan in approved foreign exchange increased in the week under review. It stood at Rs127,155.314 million over preceding week’s figure of Rs125,642.729 million, a rise of Rs1,512.585 million. Compared to last year’s corresponding figure of Rs175,593.143 million, the current week’s figure is smaller by Rs48,437.829 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 Rs59,009.437 million similar to preceding week’s figure. The current week’s figure is larger by Rs3,353.898 million over last year’s corresponding figure of Rs55,655.539 million.

There was an inflow of Rs1,302.866 million to the industrial sector during the week under review, against preceding week’s figure of Rs1,258.034 million, a rise of Rs44.832 million. When compared to last year’s corresponding figure of Rs2,367.967 million, the current week’s figure is lower by Rs1,065.101 million.

The export sector received Rs109,225.721 million against previous week’s figure of Rs108,236.910 million, a rise of Rs988.811 million. Current week’s figure was larger by Rs26,130.878 million over last year’s corresponding figure of Rs83,094.843 million.

According to the weekly statement of position of scheduled banks for the week ended April 23, 2005, the sum of demand and time liabilities rose in the week under review. The sum total stood at Rs2,375,972 million against preceding week’s Rs2,355,918 million, a rise of Rs20,054 million.

During the week under review, demand deposits stood at Rs1,211,450 million, a rise of Rs6,546 million over previous week’s Rs1,204,904 million.

Time deposits rose in the current week. At Rs1,164,522 million it was higher by Rs13,508 million over previous week’s Rs1,151,014 million.

Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities rose in the current week. At Rs186,127 million it was higher by Rs4,916 million over preceding week’s Rs181,211 million.

Scheduled banks borrowings from banks abroad stood at Rs4,459 million in the current week, as against Rs5,981 million a week ago, a fall of Rs1,522 million.

Money at call and short notice in Pakistan fell in the week under review as against previous week’s figure. It stood at Rs27,681 million, a fall of Rs660 million over preceding week’s Rs28,341 million.

Scheduled banks’ advances including bills purchased and discounted increased in the week under review. At Rs1,706,776 million it was higher by Rs15,910 million over preceding week’s Rs1,690,866 million.

Scheduled banks investment in central government securities, Treasury bills and other approved securities showed a rise in the current week when compared to preceding week’s level. Such investments amounted to Rs670,156 million, a rise of Rs4,849 million over previous week’s Rs665,307 million.

Total assets of scheduled banks rose in the week under review. These stood at Rs3,397,879 million against previous week’s Rs3,365,745 million, a rise of Rs32,134 million.