February 26, 2007	Monday	Safar 8, 1428

According to the Statement of Affairs of the State Bank of Pakistan, for the week ended July 2-February 10, 2007, both notes in circulation and those issued increased in the week.

Notes in circulation stood at Rs894,059.770 million against earlier week’s figure of Rs887,988.069 million, a rise of Rs6,071.170 million. When compared to the corresponding week a year ago when it was Rs807,189.472 million, the current week’s figure is higher by Rs86,870.298 million.

Total notes issued also rose in the current week over preceding week’s level. At Rs894,166.023 million it was larger by Rs6,045.557 million over the figure of Rs888,120.466 million recorded a week earlier. In the corresponding week last year it amounted to Rs807,311.246 million, which shows current week’s figure to be higher by Rs86,854.777 million over last year’s corresponding figure.

Approved foreign exchange increased in the week to Rs559,749.279 million or by Rs9,984.323 million over preceding week’s figure of Rs549,764.956 million. When compared to the corresponding week a year ago, when the figure was Rs429,492.802 million, the current week’s figure is higher by Rs130,256.477 million.

Balances held outside Pakistan in approved foreign exchange decreased in the week under review. It stood at Rs130,817.213 million over preceding week’s figure of Rs140,478.572 million, a fall of Rs9,931.359 million. Compared to last year’s corresponding figure of Rs141,757.185 million, the current week’s figure is smaller by Rs10,939.972 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 Rs59,183.528 million, similar to preceding week’s figure. The current week’s figure is smaller by Rs1,524.616 million over last year’s corresponding figure of Rs60,708.144 million.

There was an inflow of Rs41,747.553 million to the industrial sector during the week under review, a fall of Rs71.793 million against preceding week’s figure of Rs41,819.346 million. When compared to last year’s corresponding figure of Rs4,049.474 million, the current week’s figure is higher by Rs37,698.079 million.

The export sector received Rs134,226.396 million against previous week’s figure of Rs133,381.979 million, a rise of Rs844.417 million. Current week’s figure was larger by Rs28,586.283 million over last year’s corresponding figure of Rs105,640.113 million.

According to the weekly statement of position of all scheduled banks for the week ended February 10, 2007, deposits and other accounts of the scheduled banks stood at Rs2,994.328 billion, higher by Rs8.665 billion over preceding week’s figure of Rs2,985.663 billion. Commercial banks deposits showed a rise of Rs8.633 billion over the week to Rs2,982.108 billion, against preceding week’s Rs2,973.475 billion, while of specialized banks it rose by Rs0.031 billion to Rs12.219 billion, over previous week’s Rs12.188 billion.

Borrowings by all scheduled banks increased during the week over preceding week’s figure. It rose to Rs397.474 billion over preceding week’s figure of Rs396.203 billion, a rise of Rs1.271 billion. This was primarily due to an increase in the borrowings by commercial banks, which rose to Rs313.263 billion against previous week’s Rs312.217 billion, or by Rs1.046 billion, while borrowings by specialised banks stood at Rs84.211 billion against preceding week’s figure of Rs83.986 billion, a rise of Rs0.225 billion.

Gross advances stood at Rs2,366.038 billion in the week under review, a fall of Rs4.028 billion over preceding week’s figure of Rs2,370.066 billion. Advances by commercial banks declined to Rs2,270.157 billion against earlier week’s figure of Rs2,274.233 billion, smaller by Rs4.076 billion, while of specialized banks it stood at Rs95.881 billion against preceding week’s Rs95.832 billion, showing a increase of Rs0.049 billion.

Investments of all scheduled banks decreased in the week by Rs0.704 billion to Rs832.738 billion against preceding week’s figure of Rs833.442 billion. Commercial banks investment rose to Rs821.903 billion, from earlier week’s Rs820.607 billion, higher by Rs1.296 billion, while of specialized banks it stood at Rs10.835 billion against previous week’s Rs12.835 billion, smaller by Rs2 billion.

Cash and balances with treasury banks of all scheduled banks increased by Rs7.787 billion during the week to stand at Rs323.361 billion against earlier week’s Rs315.574 billion. The figure for commercial banks also increased to Rs321.173 billion against preceding week’s figure of Rs313.449 billion, a rise of Rs7.724 billion. For specialized banks there was a rise of Rs0.062 billion to Rs2.187 billion, against earlier week’s figure of Rs2.125 billion.

Total assets of scheduled banks stood at Rs4,040.840 billion, higher by Rs15.428 billion, over preceding week’s figure of Rs4,025.412 billion. Meanwhile, commercial banks assets stood at Rs3,926.799 billion, larger by Rs14.240 billion over previous week’s figure of Rs3,912.559 billion. Specialized banks assets rose by Rs1.189 billion to Rs114.042 billion against previous week’s Rs112.853 billion.