Investments of scheduled banks increase by Rs47 billion
On May 9, the State Bank of Pakistan raised Rs19.51 billion through the auction of 3, 6 and 12 month T-bills. The SBP had set a target of Rs15 billion.
According to the Statement of Affairs of the State Bank of Pakistan, for the week ended July 2April 28, 2007, both notes in circulation and those issued decreased in the week. Notes in circulation stood at Rs882,947.379 million against earlier week’s figure of Rs890,260.950 million, a fall of Rs7,313.571 million. When compared to the corresponding week a year ago when it was Rs783,483.478 million, the current week’s figure is higher by Rs99,463.901 million.
Total notes issued also decreased in the current week over preceding week’s level. At Rs883,146.782 million it was smaller by Rs7,217.624 million over the figure of Rs890,364.406 million recorded a week earlier. In the corresponding week last year it amounted to Rs783,656.834 million, which shows current week’s figure to be higher by Rs99,489.948 million over last year’s corresponding figure.
Approved foreign exchange increased in the week to Rs601,012.279 million or by Rs7,623.254 million over preceding week’s figure of Rs593,389.025 million. When compared to the corresponding week a year ago, when the figure was Rs536,378.400 million, the current week’s figure is higher by Rs64,633.879 million.
Balances held outside Pakistan in approved foreign exchange declined in the week under review. It stood at Rs125,611.001 million over preceding week’s figure of Rs131,523.808 million, a fall of Rs5,912.807 million. Compared to last year’s corresponding figure of Rs132,237.907 million, the current week’s figure is smaller by Rs6,626.906 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 Rs60,183.529 million, similar to preceding week’s figure. The current week’s figure is smaller by Rs1,467.394 million over last year’s corresponding figure of Rs61,650.923 million.
There was an inflow of Rs41,776.558 million to the industrial sector during the week under review, a rise of Rs73.693 million against preceding week’s figure of Rs41,702.865 million. When compared to last year’s corresponding figure of Rs6,113.726 million, the current week’s figure is higher by Rs35,662.832 million.
The export sector received Rs138,363.958 million against previous week’s figure of Rs137,844.206 million, a rise of Rs519.752 million. Current week’s figure was larger by Rs29,333.844 million over last year’s corresponding figure of Rs109,030.114 million.
According to the weekly statement of position of all scheduled banks for the week ended April 28, 2007, deposits and other accounts of the scheduled banks stood at Rs3,177.075 billion, higher by Rs17.586 billion over preceding week’s figure of Rs3,159.489 billion. Commercial banks deposits showed a rise of Rs17.561 billion over the week to Rs3,165.922 billion, against preceding week’s Rs3,148.361 billion, while of specialized banks it fell by Rs0.025 billion to Rs11.153 billion, over previous week’s Rs11.128 billion.
Borrowings by all scheduled banks increased during the week over preceding week’s figure. It rose to Rs426.994 billion over preceding week’s figure of Rs408.218 billion, a rise of Rs18.776 billion. This was primarily due to an increase in the borrowings by commercial banks, which rose to Rs344.073 billion against previous week’s Rs325.025 billion, or by Rs19.048 billion, while borrowings by specialised banks stood at Rs82.921 billion, against preceding week’s figure of Rs83.193 billion, showing a decline of Rs0.272 billion.
Gross advances stood at Rs2,387.597 billion in the week under review, an increase of Rs11.328 billion over preceding week’s figure of Rs2,376.269 billion. Advances by commercial banks rose to Rs2,293.356 billion against earlier week’s figure of Rs2,282.064 billion, or by Rs11.292 billion, while of specialized banks it stood at Rs94.242 billion against preceding week’s Rs94.206 billion, showing a rise of Rs0.036 billion.
Investments of all scheduled banks increased in the week by Rs47.468 billion to Rs1,022.787 billion against preceding week’s figure of Rs975.319 billion. Commercial banks investment rose to Rs1,012.484 billion, from earlier week’s Rs964.716 billion, higher by Rs47.768 billion, while of specialized banks it stood at Rs10.304 billion against previous week’s Rs10.602 billion, lower by Rs0.298 billion.
Cash and balances with treasury banks of all scheduled banks decreased by Rs5.968 billion during the week to stand at Rs320.915 billion against earlier week’s Rs326.883 billion. The figure for commercial banks stood at Rs318.716 billion against preceding week’s figure of Rs324.725 billion, a fall of Rs6.009 billion. For specialised banks there was a rise of Rs0.041 billion to Rs2.199 billion, against earlier week’s figure of Rs2.158 billion.
Total assets of scheduled banks stood at Rs4,297.101 billion, higher by Rs45.314 billion, over preceding week’s figure of Rs4,251.787 billion. Meanwhile, commercial banks assets stood at Rs4,185.388 billion, higher by Rs45.693 billion over previous week’s figure of Rs4,139.695 billion. Specialized banks assets fell by Rs0.379 billion to Rs111.713 billion against previous week’s Rs112.092 billion.
On May 9, the State Bank of Pakistan raised Rs19.51 billion through the auction of 3, 6 and 12 month T-bills. The SBP had set a target of Rs15 billion.
