Approved foreign exchange declines by Rs4,521 million
According to the Statement of Affairs of the State Bank of Pakistan, for the week ended July 2May 5, 2007, both notes in circulation and those issued increased in the week.
Notes in circulation stood at Rs904,170.755 million against earlier week’s figure of Rs882,947.379 million, a rise of Rs21,223.376 million. When compared to the corresponding week a year ago when it was Rs800,965.800 million, the current week’s figure is higher by Rs103,204.955 million.
Total notes issued also rose in the current week over preceding week’s level. At Rs904,348.639 million it was larger by Rs21,201.857 million over the figure of Rs883,146.782 million recorded a week earlier. In the corresponding week last year it amounted to Rs801,139.504 million, which shows current week’s figure to be higher by Rs103,209.135 million over last year’s corresponding figure.
Approved foreign exchange declined in the week to Rs596,490.747 million or by Rs4,521.532 million over preceding week’s figure of Rs601,012.279 million. When compared to the corresponding week a year ago, when the figure was Rs539,021.165 million, the current week’s figure is higher by Rs57,469.582 million.
Balances held outside Pakistan in approved foreign exchange increased in the week under review. It stood at Rs133,347.988 million over preceding week’s figure of Rs125,611.001 million, a rise of Rs7,736.987 million. Compared to last year’s corresponding figure of Rs130,361.318 million, the current week’s figure is smaller by Rs2,986.67 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 Rs41,841.213 million to the industrial sector during the week under review, a rise of Rs64.655 million against preceding week’s figure of Rs41,776.558 million. When compared to last year’s corresponding figure of Rs6,120.336 million, the current week’s figure is higher by Rs35,720.877 million.
The export sector received Rs138,542.943 million against previous week’s figure of Rs138,363.958 million, a rise of Rs178.985 million. Current week’s figure was larger by Rs29,271.971 million over last year’s corresponding figure of Rs109,270.972 million.
According to the weekly statement of position of all scheduled banks for the week ended May 5, 2007, deposits and other accounts of the scheduled banks stood at Rs3,184.133 billion, higher by Rs7.058 billion over preceding week’s figure of Rs3,177.075 billion. Commercial banks deposits showed a rise of Rs6.873 billion over the week to Rs3,172.795 billion, against preceding week’s Rs3,165.922 billion, while of specialized banks it rose by Rs0.185 billion to Rs11.338 billion, over previous week’s Rs11.153 billion.
Borrowings by all scheduled banks decreased during the week over preceding week’s figure. It fell to Rs409.754 billion over preceding week’s figure of Rs426.994 billion, a fall of Rs17.24 billion. This was primarily due to a decline in the borrowings by commercial banks, which fell to Rs326.252 billion against previous week’s Rs344.073 billion, or by Rs17.821 billion, while borrowings by specialised banks stood at Rs83.503 billion, against preceding week’s figure of Rs82.921 billion, showing a rise of Rs0.582 billion.
Gross advances stood at Rs2,398.575 billion in the week under review, an increase of Rs10.978 billion over preceding week’s figure of Rs2,387.597 billion. Advances by commercial banks rose to Rs2,304.341 billion against earlier week’s figure of Rs2,293.356 billion, or by Rs10.985 billion, while of specialized banks it stood at Rs94.234 billion against preceding week’s Rs94.242 billion, showing a fall of Rs0.008 billion.
Investments of all scheduled banks declined in the week by Rs1.705 billion to Rs1,021.082 billion against preceding week’s figure of Rs1,022.787 billion. Commercial banks investment decreased to Rs1,010.194 billion, from earlier week’s Rs1,012.484 billion, lower by Rs2.29 billion, while of specialized banks it stood at Rs10.888 billion against previous week’s Rs10.304 billion, larger by Rs0.584 billion.
Cash and balances with treasury banks of all scheduled banks increased by Rs4.06 billion during the week to stand at Rs324.975 billion against earlier week’s Rs320.915 billion. The figure for commercial banks stood at Rs322.740 billion against preceding week’s figure of Rs318.716 billion, a rise of Rs4.024 billion. For specialized banks there was a rise of Rs0.036 billion to Rs2.235 billion, against earlier week’s figure of Rs2.199 billion.
Total assets of scheduled banks stood at Rs4,289.734 billion, lower by Rs7.367 billion, over preceding week’s figure of Rs4,297.101 billion. Meanwhile, commercial banks assets stood at Rs4,177.142 billion, smaller by Rs8.246 billion over previous week’s figure of Rs4,185.388 billion. Specialized banks assets rose by Rs0.879 billion to Rs112.592 billion against previous week’s Rs111.713 billion.
According to the Statement of Affairs of the State Bank of Pakistan, for the week ended July 2May 5, 2007, both notes in circulation and those issued increased in the week.
