On July 18, the State Bank of Pakistan accepted bids worth Rs52.869 billion through T-bills auction. Rs52.678 billion alone was invested for 12 month bills. 6-month T-bills attracted Rs191.5 million. No bids were received for 3 month treasury bills. The T-bills auction attracted bids almost twice the target of Rs30 billion, which

reflects that there is liquidity in the inter-bank market.

According to the weekly statement of position of all scheduled banks for the week ended July 07, 2007, deposits and other accounts of the scheduled banks stood at Rs3,389.106 billion, lower by Rs71.705 billion over preceding week’s figure of Rs3,460.811 billion. Commercial banks deposits showed a fall of Rs71.156 billion over the week to Rs3,376.435 billion, against preceding week’s Rs3,447.591 billion. Specialised banks deposits stood at Rs12.671 billion, against preceding week’s Rs13,220 billion, a fall of Rs0.549 billion.

Borrowings by all scheduled banks decreased during the week over preceding week’s figure. It fell to Rs415.679 billion over preceding week’s figure of Rs497.065 billion, a fall of Rs81.386 billion. This was primarily due to a decrease in the borrowings by commercial banks, which fell to Rs334.277 billion against previous week’s Rs411.499 billion, or by Rs77.222 billion. Borrowings by specialised banks stood at Rs81.402 billion, against preceding week’s figure of Rs85.567 billion, a fall of Rs4.165 billion.

Gross advances stood at Rs2,454.614 billion in the week under review, a decline of Rs29.881 billion over preceding week’s figure of Rs2,484.495 billion. Advances by commercial banks declined to Rs2,360.108 billion against earlier week’s figure of Rs2,389.956 billion, or by Rs29.848 billion. Advances of specialised banks stood at Rs94.506 billion, smaller by Rs0.033 million over earlier week’s figure of Rs94.539.

Investments of all scheduled banks increased in the week by Rs15.484 billion to Rs1,131.397 billion against preceding week’s figure of Rs1,115.913 billion. Commercial banks investment rose to Rs1,119.650 billion, from earlier week’s Rs1,104.831 billion, larger by Rs14.819 billion. Specialised banks investment stood at Rs11.747 billion, against preceding week’s Rs11.082 billion.

Cash and balances with treasury banks of all scheduled banks declined by Rs47.216 billion during the week to stand at Rs350.136 billion against earlier week’s Rs397.352 billion. The figure for commercial banks stood at Rs347.463 billion against preceding week’s figure of Rs394.479 billion, a fall of Rs47.016 billion.

Total assets of scheduled banks stood at Rs4,545.888 billion, lower by Rs155.753 billion, over preceding week’s figure of Rs4,701.641 billion. Meanwhile, commercial banks assets stood at Rs4,429.837 billion, smaller by Rs151.694 billion over previous week’s figure of Rs4,581.531 billion. Specialised banks assets fell to Rs116.050 billion, or by Rs4.06 billion over previous week’s Rs120.110 billion.