Rs36,014m fall recorded in demand and time liabilities
AT the auction on July 20, the yield on Treasury Bills remained unchanged. The cut-off yield on the benchmark six-month bills remained at 7.9869 per cent and remained unchanged on three-month and 12 months bills, also.
The central bank sold Rs2.16 billion of six-month, Rs2.948 billion of three-month and Rs12.332 billion of 12-month Treasury bills.
According to the weekly statement of position of scheduled banks for the week ended July 9, 2005, the sum of demand and time liabilities fell in the week under review. The sum total stood at Rs2,517,376 million against the preceding week’s Rs2,553,390 million, a fall of Rs36,014 million. As compared to the total deposits of Rs2,126,803 million in the corresponding period last year, current week’s deposits were higher by Rs390,573 million.
During the week under review, demand deposits stood at Rs1,235,555 million, a fall of Rs58,666 million over previous week’s Rs1,294,221 million. It was higher against last year’s corresponding figure of Rs1,069,662 million by Rs165,893 million.
Time deposits rose in the current week. At Rs1,281,821 million it was higher by Rs.22,652 million over previous week’s Rs1,259,169 million and by Rs244,680 million over last year’s corresponding figure of Rs1,057,141 million.
Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities fell in the current week. At Rs186,672 million it was lower by Rs2,202 million over preceding week’s Rs188,874 million. Compared to last year’s corresponding figure of Rs161,183 million, the current week’s figure is higher by Rs25,489 million.
Scheduled banks borrowings from banks abroad stood at Rs5,546 million in the current week, as against Rs6,534 million a week ago, a fall of Rs988 million. It was higher by Rs586 million over last year’s corresponding figure of Rs4,960 million.
Money at call and short notice in Pakistan fell in the week under review as against previous week’s figure. It stood at Rs19,586 million, a fall of Rs.808 million over preceding week’s Rs20,394 million. When compared to last year’s corresponding figure of Rs28,025 million, the current week’s figure is smaller by Rs8,439 million.
Scheduled banks’ advances including bills purchased and discounted decreased in the week under review. At Rs1,762,613 million it was lower by Rs24,738 million over preceding week’s Rs1,787,351 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs1,339,318 million, the current week’s advances are higher by Rs423,295 million.
Scheduled banks investment in central government securities, the Treasury bills and other approved securities showed a rise in the current week when compared to preceding week’s level. Such investments amounted to Rs750,413 million, a rise of Rs8,011 million over previous week’s Rs742,402 million. Compared to last year’s corresponding figure of Rs744,911 million, the current week’s investment is lower by Rs5,502 million.
Total assets of scheduled banks fell in the week under review. These stood at Rs3,566,442 million against previous week’s Rs3,600,894 million, a fall of Rs34,452 million. Compared to last year’s corresponding figure of Rs2,992,545 million, it shows a rise of Rs573,897 million.
AT the auction on July 20, the yield on Treasury Bills remained unchanged. The cut-off yield on the benchmark six-month bills remained at 7.9869 per cent and remained unchanged on three-month and 12 months bills, also.
Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities fell in the current week. At Rs186,672 million it was lower by Rs2,202 million over preceding week’s Rs188,874 million. Compared to last year’s corresponding figure of Rs161,183 million, the current week’s figure is higher by Rs25,489 million.
