November 05, 2007	Monday	Shawwal 23, 1428

According to the Statement of Affairs of the State Bank of Pakistan, for the week ended October 20, 2007, both notes in circulation and those issued increased in the week.

Notes in circulation stood at Rs999,376.770 million against earlier week’s figure of Rs999,074.599 million, a rise of Rs302.171 million. When compared to the corresponding week a year ago when it was Rs868,715.675 million, the current week’s figure is higher by Rs130,661.095 million.

Total notes issued also increased in the current week over preceding week’s level. At Rs999,546.116 million it was larger by Rs292.291 million over the figure of Rs999,253.825 million recorded a week earlier. In the corresponding week last year it amounted to Rs868,827.918 million, which shows current week’s figure to be higher by Rs130,718.198 million over last year’s corresponding figure.

Approved foreign exchange decreased in the week to Rs742,129.889 million or by Rs103.199 million over preceding week’s figure of Rs742,233.088 million. When compared to the corresponding week a year ago, when the figure was Rs524,099.438 million, the current week’s figure is higher by Rs218,030.451 million.

Balances held outside Pakistan in approved foreign exchange declined in the week under review. It stood at Rs143,604.664 million over preceding week’s figure of Rs145,563.289 million, a fall of Rs1,958.625 million. Compared to last year’s corresponding figure of Rs129,967.842 million, the current week’s figure is larger by Rs13,636.822 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 Rs57,955.896 million, similar to preceding week’s figure. The current week’s figure is smaller by Rs4,726.889 million over last year’s corresponding figure of Rs62,682.785 million.

There was an inflow of Rs39,436.115 million to the industrial sector during the week under review, a fall of Rs57.256 million against preceding week’s figure of Rs39,493.371 million. When compared to last year’s corresponding figure of Rs12,935.504 million, the current week’s figure is higher by Rs26,500.611 million.

The export sector received Rs100,257.341 million against previous week’s figure of Rs100,218.940 million, a rise of Rs38.401 million. Current week’s figure was smaller by Rs17,861.694 million over last year’s corresponding figure of Rs118,119.035 million.

According to the weekly statement of position of all scheduled banks for the week ended October 20, 2007, deposits and other accounts of the scheduled banks stood at Rs3,425.952 billion, larger by Rs27.959 billion over preceding week’s figure of Rs3,397.993 billion. Commercial banks deposits showed an increase of Rs27.827 billion over the week to Rs3,413.592 billion, against preceding week’s Rs3,385.765 billion. Specialized banks deposits stood at Rs12.360 billion, against preceding week’s Rs12.228 billion, a rise of Rs0.132 billion.

Borrowings by all scheduled banks decreased during the week over preceding week’s figure. It fell to Rs435.050 billion over preceding week’s figure of Rs449.023 billion, a decline of Rs13.973 billion. This was primarily due to a fall in the borrowings by commercial banks, which fell to Rs354.699 billion against previous week’s Rs368.080 billion, or by Rs13.381 billion. Borrowings by specialized banks stood at Rs80.352 billion, against preceding week’s figure of Rs80.943 billion, a fall of Rs0.591 billion.

Gross advances stood at Rs2,467.924 billion in the week under review, an increase of Rs9.191 billion over preceding week’s figure of Rs2,458.733 billion. Advances by commercial banks rose to Rs2,372.500 billion against earlier week’s figure of Rs2,363.612 billion, or by Rs8.888 billion. Advances of specialized banks stood at Rs95.423 billion, larger by Rs0.303 billion over earlier week’s figure of Rs95.120 billion.

Investments of all scheduled banks increased in the week by Rs1.014 billion to Rs1,246.895 billion against preceding week’s figure of Rs1,245.881 billion. Commercial banks investment rose to Rs1,232.208 billion, from earlier week’s Rs1,231.203 billion, higher by Rs1.005 billion. Specialized banks investment stood at Rs14.687 billion, against preceding week’s Rs14.678 billion, larger by Rs0.009 billion.

Cash and balances with treasury banks of all scheduled banks increased by Rs10.232 billion during the week to stand at Rs354.509 billion against earlier week’s Rs344.277 billion. The figure for commercial banks stood at Rs352.036 billion against preceding week’s figure of Rs341.794 billion, a rise of Rs10.242 billion, while of specialized banks it stood at 2.474 billion over previous week’s 2.483 billion.

Total assets of scheduled banks stood at Rs4,654.435 billion, larger by Rs16.894 billion, over preceding week’s figure of Rs4,637.541 billion. Meanwhile, commercial banks assets stood at Rs4,540.929 billion, larger by Rs16.76 billion over previous week’s figure of Rs4,524.169 billion. Specialized banks assets rose to Rs113.506 billion, or by Rs0.134 billion over previous week’s Rs113.372 billion.