According to the Statement of Affairs of the State Bank of Pakistan, for the week ended July 2October 28, 2007, both notes in circulation and those issued decreased in the week.
Notes in circulation stood at Rs969,842.427 million against earlier week’s figure of Rs999,376.770 million, a fall of Rs29,534.343 million. When compared to the corresponding week a year ago when it was Rs880,553.272 million, the current week’s figure is higher by Rs89,289.155 million.
Total notes issued also declined in the current week over preceding week’s level. At Rs970,005.529 million it was smaller by Rs29,540.587 million over the figure of Rs999,546.116 million recorded a week earlier. In the corresponding week last year it amounted to Rs880,724.209 million, which shows current week’s figure to be higher by Rs89,281.32 million over last year’s corresponding figure.
Approved foreign exchange increased in the week to Rs748,752.730 million or by Rs6,622.841 million over preceding week’s figure of Rs742,129.889 million. When compared to the corresponding week a year ago, when the figure was Rs512,490.841 million, the current week’s figure is higher by Rs236,261.889 million.
Balances held outside Pakistan in approved foreign exchange further declined in the week under review. It stood at Rs141,161.380 million over preceding week’s figure of Rs143,604.664 million, a fall of Rs2,443.284 million. Compared to last year’s corresponding figure of Rs138,758.471 million, the current week’s figure is larger by Rs2,402.909 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 Rs39,625.837 million to the industrial sector during the week under review, a fall of Rs189.722 million against preceding week’s figure of Rs39,436.115 million. When compared to last year’s corresponding figure of Rs13,283.800 million, the current week’s figure is higher by Rs26,342.037 million.
The export sector received Rs100,159.612 million against previous week’s figure of Rs100,257.341 million, a fall of Rs97.729 million. Current week’s figure was smaller by Rs18,696.335 million over last year’s corresponding figure of Rs118,855.947 million.
According to the weekly statement of position of all scheduled banks for the week ended October 27, 2007, deposits and other accounts of the scheduled banks stood at Rs3,451.075 billion, larger by Rs25.123 billion over preceding week’s figure of Rs3,425.952 billion. Commercial banks deposits showed an increase of Rs25.435 billion over the week to Rs3,439.027 billion, against preceding week’s Rs3,413.592 billion. Specialized banks deposits stood at Rs12.049 billion, against preceding week’s Rs12.360 billion, a fall of Rs0.311 billion.
Borrowings by all scheduled banks decreased during the week over preceding week’s figure. It fell to Rs405.156 billion over preceding week’s figure of Rs435.050 billion, a decline of Rs29.894 billion. This was primarily due to a fall in the borrowings by commercial banks, which fell to Rs324.042 billion against previous week’s Rs354.699 billion, or by Rs30.657 billion. Borrowings by specialized banks stood at Rs81.113 billion, against preceding week’s figure of Rs80.352 billion, a rise of Rs0.761 billion.
Gross advances stood at Rs2,482.220 billion in the week under review, an increase of Rs14.296 billion over preceding week’s figure of Rs2,467.924 billion. Advances by commercial banks rose to Rs2,386.767 billion against earlier week’s figure of Rs2,372.500 billion, or by Rs14.267 billion. Advances of specialized banks stood at Rs95.453 billion, larger by Rs0.03 billion over earlier week’s figure of Rs95.423 billion.
Investments of all scheduled banks declined in the week by Rs3.641 billion to Rs1,243.254 billion against preceding week’s figure of Rs1,246.895 billion. Commercial banks investment fell to Rs1,228.350 billion, from earlier week’s Rs1,232.208 billion, or by Rs3.858 billion. Specialized banks investment stood at Rs14.904 billion, against preceding week’s Rs14.687 billion, larger by Rs0.217 billion.
Cash and balances with treasury banks of all scheduled banks decreased by Rs6.97 billion during the week to stand at Rs347.539 billion against earlier week’s Rs354.509 billion. The figure for commercial banks stood at Rs345.039 billion against preceding week’s figure of Rs352.036 billion, a fall of Rs6.997 billion, while of specialized banks it stood at 2.500 billion over previous week’s 2.474 billion.
Total assets of scheduled banks stood at Rs4,655.106 billion, larger by Rs0.671 billion, over preceding week’s figure of Rs4,654.435 billion. Meanwhile, commercial banks assets stood at Rs4,542.052 billion, larger by Rs1.123 billion over previous week’s figure of Rs4,540.929 billion. Specialised banks assets rose to Rs113.054 billion, or by Rs0.452 billion over previous week’s Rs113.506 billion.
According to the Statement of Affairs of the State Bank of Pakistan, for the week ended July 2October 28, 2007, both notes in circulation and those issued decreased in the week.
