ACCORDING to the Statement of Affairs of the State Bank of Pakistan, for the week ended July 2March 10, 2007, both notes in circulation and those issued increased in the week. Notes in circulation stood at Rs897,867.610 million against earlier week’s figure of Rs886,957.286 million, a rise of Rs10,910.324 million. When compared to the corresponding week a year ago when it was Rs806,454.691 million, the current week’s figure is higher by Rs91,412.919 million.

Total notes issued also increased in the current week over preceding week’s level. At Rs898,059.897 million it was larger by Rs980.732 million over the figure of Rs897,079.165 million recorded a week earlier. In the corresponding week last year it amounted to Rs806,606.215 million, which shows current week’s figure to be higher by Rs91,453.682 million over last year’s corresponding figure.

Approved foreign exchange decreased in the week to Rs554,616.101 million or by Rs1,863.133 million over preceding week’s figure of Rs556,479.234 million. When compared to the corresponding week a year ago, when the figure was Rs436,165.136 million, the current week’s figure is higher by Rs118,450.965 million.

Balances held outside Pakistan in approved foreign exchange increased in the week under review. It stood at Rs154,669.057 million over preceding week’s figure of Rs145,913.594 million, a rise of Rs8,755.463 million. Compared to last year’s corresponding figure of Rs142,639.690 million, the current week’s figure is larger by Rs12,029.367 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 Rs60,183.528 million, against preceding week’s figure of Rs59.183.528 million, a rise of Rs1000 million. The current week’s figure is smaller by Rs1,524.336 million over last year’s corresponding figure of Rs61,707.864 million.

There was an inflow of Rs41,798.174 million to the industrial sector during the week under review, a fall of Rs82.631 million against preceding week’s figure of Rs41,880.805 million. When compared to last year’s corresponding figure of Rs5,351.214 million, the current week’s figure is higher by Rs36,446.960 million.

The export sector received Rs133,213.977 million against previous week’s figure of Rs132,780.278 million, a rise of Rs433.699 million. Current week’s figure was larger by Rs28,842.684 million over last year’s corresponding figure of Rs104,371.293 million.

According to the weekly statement of position of all scheduled banks for the week ended March 10, 2007, deposits and other accounts of the scheduled banks stood at Rs3,085.573 billion, higher by Rs30.961 billion over preceding week’s figure of Rs3,054.612 billion.

Commercial banks deposits showed a rise of Rs31.186 billion over the week to Rs3,074.321 billion, against preceding week’s Rs3,043.135 billion, while of specialized banks it decreased by Rs0.225 billion to Rs11.252 billion, over previous week’s Rs11.477 billion.

Borrowings by all scheduled banks decreased during the week over preceding week’s figure. It fell to Rs410.906 billion over preceding week’s figure of Rs412.738 billion, a fall of Rs1.832 billion. This was primarily due to decrease in the borrowings by commercial banks, which fell to Rs327.149 billion against previous week’s Rs329.681 billion, or by Rs2.532 billion, while borrowings by specialised banks stood at Rs83.757 billion against preceding week’s figure of Rs83.057 billion, a rise of Rs0.7 billion.

Gross advances stood at Rs2,360.732 billion in the week under review, a decrease of Rs3.292 billion over preceding week’s figure of Rs2,364.024 billion. Advances by commercial banks increased to Rs2,265.170 billion against earlier week’s figure of Rs2,268.067 billion, or by Rs2.897 billion, while of specialized banks it stood at Rs95.562 billion against preceding week’s Rs95.958 billion, showing a fall of Rs0.396 billion.

Investments of all scheduled banks increased in the week by Rs26.797 billion to Rs919.699 billion against preceding week’s figure of Rs892.902 billion. Commercial banks investment rose to Rs908.591 billion, from earlier week’s Rs881.964 billion, higher by Rs26.627 billion, while of specialized banks it stood at Rs11.107 billion against previous week’s Rs10.938 billion, higher by Rs0.169 billion.

Cash and balances with treasury banks of all scheduled banks decreased by Rs0.104 billion during the week to stand at Rs314.356 billion against earlier week’s Rs314.460 billion. The figure for commercial banks fell to Rs312.210 billion against preceding week’s figure of Rs312.285 billion, a fall of Rs0.075 billion. For specialized banks there was a fall of Rs0.029 billion to Rs2.146 billion, against earlier week’s figure of Rs2.175 billion.

Total assets of scheduled banks stood at Rs4,163.441 billion, higher by Rs43.949 billion, over preceding week’s figure of Rs4,119.492 billion. Meanwhile, commercial banks assets stood at Rs4,049.638 billion, larger by Rs43.088 billion over previous week’s figure of Rs4,006.550 billion. Specialized banks assets increased by Rs0.860 billion to Rs113.803 billion against previous week’s Rs112.943 billion.