April 23, 2007	Monday	Rabi-us-Sani 05, 1428

According to the Statement of Affairs of the State Bank of Pakistan, for the week ended July 2April 7, 2007, both notes in circulation and those issued increased in the week.

Notes in circulation stood at Rs900,616.891 million against earlier week’s figure of Rs879,275.043 million, a rise of Rs21,341.848 million. When compared to the corresponding week a year ago when it was Rs799,551.565 million, the current week’s figure is higher by Rs101,065.326 million.

Total notes issued also increased in the current week over preceding week’s level. At Rs900,770.138 million it was larger by Rs21,296.863 million over the figure of Rs879,473.275 million recorded a week earlier. In the corresponding week last year it amounted to Rs799,683.681 million, which shows current week’s figure to be higher by Rs101,086.457 million over last year’s corresponding figure.

Approved foreign exchange increased in the week to Rs589,086.025 million or by Rs7,295.794 million over preceding week’s figure of Rs581,790.231 million. When compared to the corresponding week a year ago, the figure was Rs494,834.860 million, the current week’s figure is higher by Rs94,251.165 million.

Finances held outside Pakistan in approved foreign exchange decreased in the week under review. It stood at Rs131,771.965 million over preceding week’s figure of Rs137,224.452 million, a fall of Rs5,452.487 million. Compared to last year’s corresponding figure of Rs140,581.064 million, the current week’s figure is smaller by Rs8,809.099 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 Rs59,483.528 million, against preceding week’s figure of Rs60,183.528 million, showing current week’s figure to be smaller by Rs700.0 million. The current week’s figure is smaller by Rs2,167.395 million over last year’s corresponding figure of Rs61,650.923 million.

There was an inflow of Rs41,632.913 million to the industrial sector during the week under review, a rise of Rs170.311 million against preceding week’s figure of Rs41,462.602 million. When compared to last year’s corresponding figure of Rs5,470.775 million, the current week’s figure is higher by Rs36,162.138 million.

The export sector received Rs136,796.827 million against previous week’s figure of Rs135,736.356 million, a rise of Rs1,060.471 million. Current week’s figure was larger by Rs28,763.108 million over last year’s corresponding figure of Rs108,033.719 million.

According to the weekly statement of position of all scheduled banks for the week ended April 7, 2007, deposits and other accounts of the scheduled banks stood at Rs3,131.630 billion, lower by Rs20.314 billion over preceding week’s figure of Rs3,151.944 billion. Commercial banks deposits showed a decline of Rs20.205 billion over the week to Rs3,120.227 billion, against preceding week’s Rs3,140.432 billion, while of specialised banks it fell by Rs0.109 billion to Rs11.403 billion, over previous week’s Rs11.512 billion.

Borrowings by all scheduled banks increased during the week over preceding week’s figure. It rose to Rs395.946 billion over preceding week’s figure of Rs393.968 billion, a rise of Rs1.978 billion. This was primarily due to an increase in the borrowings by commercial banks, which rose to Rs313.503 billion against previous week’s Rs310.624 billion, or by Rs2.879 billion, while borrowings by specialised banks stood at Rs82.443 billion, against preceding week’s figure of Rs83.343 billion, showing a fall of Rs0.9bn.

Gross advances stood at Rs2,377.966 billion in the week under review, a decline of Rs7.276 billion over preceding week’s figure of Rs2,385.242 billion. Advances by commercial banks decreased to Rs2,283.988 billion against earlier week’s figure of Rs2,290.571 billion, or by Rs6.583 billion, while of specialized banks it stood at Rs93.978 billion against preceding week’s Rs94.672 billion, showing a fall of Rs0.694 billion.

Investments of all scheduled banks increased in the week by Rs2.848 billion to Rs932.302 billion against preceding week’s figure of Rs924.454 billion. Commercial banks investment rose to Rs921.908 billion, from earlier week’s Rs918.853 billion, higher by Rs3.055 billion, while of specialized banks it stood at Rs10.394 billion against previous week’s Rs10.601 billion, lower by Rs0.207 billion.

Cash and balances with treasury banks of all scheduled banks rose by Rs8.564 billion during the week to stand at Rs331.242 billion against earlier week’s Rs322.678 billion. The figure for commercial banks stood at Rs328.941 billion against preceding week’s figure of Rs320.407 billion, a rise of Rs8.534 billion. For specialized banks there was an increase of Rs0.028 billion to Rs2.300 billion, against earlier week’s figure of Rs2.272 billion.

Total assets of scheduled banks stood at Rs4,198.189 billion, lower by Rs22.856bn, over preceding week’s figure of Rs4,221.045b. Meanwhile, commercial banks assets stood at Rs4,087.430bn, lower by Rs20.93bn over previous week’s figure of Rs4,108.360bn. Specialized banks assets declined by Rs1.927bn to Rs110.758bn against previous week’s Rs112.685 billion.