ACCORDING to the Statement of Affairs of the State Bank of Pakistan, for the week ended June 25, 2005, both notes in circulation and those issued decreased in the week. Notes in circulation stood at Rs719,040.991 million against earlier week’s figure of Rs728,144.266 million, a fall of Rs9,103.275 million. When compared to the corresponding week a year ago when it was Rs613,649.697 million, the current week’s figure is higher by Rs105,391.294 million.
Total notes issued also fell in the current week over preceding week’s level. At Rs719,168.821 million it was lower by Rs9,130.912 million over the figure of Rs728,299.733 million recorded a week earlier. In the corresponding week last year it amounted to Rs613,825.577 million, which shows current week’s figure to be higher by Rs105,343.244 million over last year’s corresponding figure.
Approved foreign exchange rose in the week to Rs480,882.588 million or by Rs3,938.656 million over preceding week’s figure of Rs476,943.932 million. When compared to the corresponding week a year ago, when the figure was Rs441,706.725 million, the current week’s figure is higher by Rs39,176.061 million.
Balances held outside Pakistan in approved foreign exchange increased in the week under review. It stood at Rs133,766.065 million over preceding week’s figure of Rs126,674.538 million, a rise of Rs7,091.527 million. Compared to last year’s corresponding figure of Rs189,292.704 million, the current week’s figure is smaller by Rs55,526.639 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 Rs60.571.437 million, similar to preceding week’s figure. The current week’s figure is larger by Rs3,815.898 million over last year’s corresponding figure of Rs56,755.539 million.
There was an inflow of Rs1,5554.261 million to the industrial sector during the week under review, a rise of Rs6.905 million against preceding week’s figure of Rs1,547.356 million. When compared to last year’s corresponding figure of Rs2,338.285 million, the current week’s figure is lower by Rs784.024 million.
The export sector received Rs108,927.112 million against previous week’s figure of Rs109,198.182 million, a fall of Rs271.070 million. Current week’s figure was larger by Rs21,211.913 million over last year’s corresponding figure of Rs87,715.199 million.
According to the weekly statement of position of scheduled banks for the week ended June 18, 2005, the sum of demand and time liabilities rose in the week under review. The sum total stood at Rs2,456,578 million against preceding week’s Rs2,442,032 million, a rise of Rs14,546 million. As compared to the total deposits of Rs2,059,436 million in the corresponding period last year, current week’s deposits were higher by Rs397,142 million.
During the week under review, demand deposits stood at Rs.1,217,317 million, a fall of Rs2,284 million over previous week’s Rs1,219,701 million. It was higher against last year’s corresponding figure of Rs1,029,752 million by Rs187,565 million.
Time deposits rose in the current week. At Rs1,239,261 million it was higher by Rs16,930 million over previous week’s Rs1,222,331 million and by Rs209,577 million over last year’s corresponding figure of Rs.1,029,684 million.
Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities rose in the current week. At Rs189,172 million it was higher by Rs1,443 million over preceding week’s Rs187,729 million. Compared to last year’s corresponding figure of Rs157,154 million, the current week’s figure is higher by Rs32,018 million.
Scheduled banks borrowings from banks abroad stood at Rs5,354 million in the current week, as against Rs6,739 million a week ago, a fall of Rs1,385 million. It was also lower by Rs514 million over last year’s corresponding figure of Rs5,868 million.
Money at call and short notice in Pakistan rose in the week under review as against previous week’s figure. It stood at Rs23,891 million, a rise of Rs315 million over preceding week’s Rs23,576 million. When compared to last year’s corresponding figure of Rs30,227 million, the current week’s figure is smaller by Rs6,336 million.
Scheduled banks’ advances including bills purchased and discounted increased in the week under review. At Rs1,756,662 million it was higher by Rs7,455 million over preceding week’s Rs1,749,207 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs1,313,049 million, the current week’s advances are higher by Rs443,613 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 Rs703,603 million, a rise of Rs13,210 million over previous week’s Rs.690,393 million. Compared to last year’s corresponding figure of Rs781,877 million, the current week’s investment is smaller by Rs78,274 million.
Total assets of scheduled banks rose in the week under review. These stood at Rs3,482,982 million against previous week’s Rs3,465,651 million, a rise of Rs17,331 million. Compared to last year’s corresponding figure of Rs2,893,323 million, it shows a rise of Rs589,659 million.
ACCORDING to the Statement of Affairs of the State Bank of Pakistan, for the week ended June 25, 2005, both notes in circulation and those issued decreased in the week. Notes in circulation stood at Rs719,040.991 million against earlier week’s figure of Rs728,144.266 million, a fall of Rs9,103.275 million. When compared to the corresponding week a year ago when it was Rs613,649.697 million, the current week’s figure is higher by Rs105,391.294 million.
