July 17, 2006	Monday	Jumadi-ul-Sani 20, 1427

THE State Bank of Pakistan on July 12, sold Rs20.5 billion worth Treasury Bills at 7.74 per cent. Two days later it sold Rs11.65 billion of the T-bills in a one day and six-day repo operation to mop up funds from the market.

According to the weekly statement of position of all scheduled banks for the week ended June 24, 2006, deposits and other accounts of the scheduled banks stood at Rs2,786.731 billion, larger by Rs29.909 billion over preceding week’s figure of Rs2,756.822 billon. Commercial banks deposits showed a rise of Rs29.576 billion over the week to Rs2,774.417 billion against preceding week’s Rs2,744.841 billion, and of specialized banks it rose by Rs0.333 billion to Rs12.314 billion, over previous week’s Rs11.981 billion.

Borrowings by all scheduled banks increased during the week over preceding week’s figure. It rose to Rs361.080 billion over preceding week’s figure of Rs350.717 billion, a rise of Rs10.363 billion. This was primarily due to a rise in the borrowings by commercial banks, which increased to Rs273.926 billion against previous week’s Rs264.113 billion, or by Rs9.813 billion, while borrowings by specialised banks stood at Rs87.154 billion, against preceding week’s Rs86.604 billion, a rise of Rs0.55 billion.

Gross advances stood at Rs2,127.388 billion in the week under review, a rise of Rs10.446 million over preceding week’s figure of Rs2,116.942 billion. Advances by commercial banks rose to Rs2,035.785 billion against earlier week’s figure of Rs2,025.669 billion, larger by Rs10.116 billion, while of specialized banks it stood at Rs91.603 billion.

Investments of all scheduled banks declined in the week by Rs31.622 billion to Rs794.584 billion against preceding week’s figure of Rs826.206 billion. Commercial banks investment level declined to Rs775.840 billion, from earlier week’s Rs806.739 billion, smaller by Rs30.899 billion, while of specialized banks it stood at Rs18.744 billion against previous week’s Rs19.467 billion, a decline of Rs0.723 billion.

Cash and balances with treasury banks of all scheduled banks increased by Rs34.462 billion during the week to stand at Rs273.896 billion against earlier week’s Rs239.434 billion. The figure for commercial banks rose to Rs272.157 billion against preceding week’s figure of Rs237.684 billion, a rise of Rs34.473 billion. For specialized banks there was a fall of Rs0.011 billion to Rs1.739 billion, against earlier week’s figure of Rs1.750 billion.

Total assets of scheduled banks stood at Rs3,672.997 billion, an increase of Rs45.257 billion, over preceding week’s figure of Rs3,627.740 billion. Meanwhile, commercial banks assets stood at Rs3,559.039 billion, higher by Rs43.691 billion over previous week’s figure of Rs3,515.348 billion. Specialized banks assets rose by Rs1.566 billion to Rs113.958 billion against previous week’s Rs112.392 billion.