According to the statement of affairs of the State Bank of Pakistan, for the week ended July 2June 16, 2007, both notes in circulation and those issued decreased in the week. Notes in circulation stood at Rs913,331.296 million against earlier week’s Rs916,360.115 million, a fall of Rs3,028.819 million.

When compared to the corresponding week a year ago when it was Rs802,625.549 million, the current week’s figure is higher by Rs110,705.747 million.

Total notes issued also declined in the current week over preceding week’s level. At Rs913,495.036 million it was smaller by Rs3,090.66 million over Rs916,585.696 million recorded a week earlier. In the corresponding week last year it amounted to Rs802,797.822 million, which shows current week’s figure to be higher by Rs110,697.214 million over last year’s corresponding figure.

Approved foreign exchange fell in the week to Rs657,273.224 million or by Rs2,444.54 million over preceding week’s figure of Rs659,717.764 million. When compared to the corresponding week a year ago, when the figure was Rs538,153.258 million, the current week’s figure is higher by Rs119,119.966 million.

Balances held outside Pakistan in approved foreign exchange declined in the week under review. It stood at Rs138,559.254 million over preceding week’s Rs138,863.678 million, a fall of Rs304.424 million. Compared to last year’s corresponding figure of Rs129,090.389 million, the current week’s figure is larger by Rs9,468.865 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 Rs60,153.528 million, similar to preceding week’s figure. The current week’s figure is smaller by Rs1,490.454 million over last year’s corresponding figure of Rs61,643.982 million.

There was an inflow of Rs42,480.706 million to the industrial sector during the week under review, a rise of Rs175.029 million against preceding week’s figure of Rs42,305.677 million. When compared to last year’s corresponding figure of Rs6,881.324 million, the current week’s figure is higher by Rs35,599.382 million.

The export sector received Rs136,753.757 million against previous week’s Rs136,980.950 million, a fall of Rs227.193 million. Current week’s figure was larger by Rs26,834.828 million over last year’s Rs109,918.929 million.

According to the weekly statement of position of all scheduled banks for the week ended June 16 2007, deposits and other accounts of the scheduled banks stood at Rs3,284.538 billion, higher by Rs11.408 billion over preceding week’s figure of Rs3,273.130 billion. Commercial banks deposits showed a rise of Rs11.149 billion over the week to Rs3,272.724 billion, against preceding week’s Rs3,261.557 billion. Specialised banks deposits stood at Rs11.815 billion.

Borrowings by all scheduled banks decreased during the week over preceding week’s figure. It fell to Rs396.563 billion over preceding week’s figure of Rs403.769 billion, a fall of Rs7.206 billion. This was primarily due to a decline in the borrowings by commercial banks, which fell to Rs312.041 billion against previous week’s Rs319.448 billion, or by Rs7.407 billion. Borrowings by specialised banks stood at Rs84.522 billion.

Gross advances stood at Rs2,440.081 billion in the week under review, a rise of Rs2.482 billion over preceding week’s figure of Rs2,437.599 billion. Advances by commercial banks rose to Rs2,345.896 billion against earlier week’s figure of Rs2,343.426 billion, or by Rs247 billion. Advances of specialised banks stood at Rs94.185 billion.

Investments of all scheduled banks increased in the week by Rs3.916 billion to Rs1,079.733 billion against preceding week’s figure of Rs1,075.817 billion. Commercial banks investment rose to Rs1,068.555 billion, from earlier week’s Rs1,064.860 billion, larger by Rs3.695 billion. Specialised banks investment stood at Rs11.177 billion.

Cash and balances with treasury banks of all scheduled banks declined by Rs0.157 billion during the week to stand at Rs336.314 billion against earlier week’s Rs336.471 billion. The figure for commercial banks stood at Rs333.954 billion against preceding week’s Rs334.033 billion, a fall of Rs0.079 billion.

Total assets of scheduled banks stood at Rs4,401.280 billion, higher by Rs19.058 billion, over preceding week’s Rs4,382.222 billion. Meanwhile, commercial banks assets stood at Rs4,284.258 billion, higher by Rs18.641 billion over previous week’s Rs4,265.617 billion.