November 19, 2007	Monday	Ziqa’ad 08, 1428

According to the Statement of Affairs of the State Bank of Pakistan, for the week ended July 2November 3, 2007, both notes in circulation and those issued increased in the week.

Notes in circulation stood at Rs974,361.578 million against earlier week’s figure of Rs969,842.427 million, a rise of Rs4,519.151 million. When compared to the corresponding week a year ago when it was Rs861,494.704 million, the current week’s figure is higher by Rs112,866.874 million.

Total notes issued also increased in the current week over preceding week’s level. At Rs974,494.216 million it was larger by Rs4,488.687 million over the figure of Rs970,005.529 million recorded a week earlier. In the corresponding week last year it amounted to Rs861,690.271 million, which shows current week’s figure to be higher by Rs112,803.945 million over last year’s corresponding figure.

Approved foreign exchange increased in the week to Rs760,997.568 million or by Rs12,244.838 million over preceding week’s figure of Rs748,752.730 million. When compared to the corresponding week a year ago, when the figure was Rs517,748.889 million, the current week’s figure is higher by Rs243,248.679 million.

Balances held outside Pakistan in approved foreign exchange further declined in the week under review. It stood at Rs133,095.848 million over preceding week’s figure of Rs141,161.380 million, a fall of Rs8,065.532 million. Compared to last year’s corresponding figure of Rs134,038.859 million, the current week’s figure is smaller by Rs943.011 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 Rs57,855.896 million, against preceding week’s figure of Rs57,955.896 million, showing a fall of Rs100.0 million. The current week’s figure is smaller by Rs4,826.889 million over last year’s corresponding figure of Rs62,682.785 million.

There was an inflow of Rs39,765.194 million to the industrial sector during the week under review, a rise of Rs139.357 million against preceding week’s figure of Rs39,625.837 million. When compared to last year’s corresponding figure of Rs14,771.009 million, the current week’s figure is higher by Rs24,994.185 million.

The export sector received Rs100,385.210 million against previous week’s figure of Rs100,159.612 million, a rise of Rs225.598 million. Current week’s figure was smaller by Rs20,298.547 million over last year’s corresponding figure of Rs120,683.757 million.

According to the weekly statement of position of all scheduled banks for the week ended November 3, 2007, deposits and other accounts of the scheduled banks stood at Rs3,471.479 billion, larger by Rs20.404 billion over preceding week’s figure of Rs3,451.075 billion. Commercial banks deposits showed an increase of Rs20.497 billion over the week to Rs3,459.425 billion, against preceding week’s Rs3,439.027 billion. Specialised banks deposits stood at Rs12.054 billion, against preceding week’s Rs12.049 billion, a rise of Rs0.005 billion.

Borrowings by all scheduled banks increased during the week over preceding week’s figure. It rose to Rs406.520 billion over preceding week’s figure of Rs405.156 billion, a rise of Rs1.364 billion. This was primarily due to a rise in the borrowings by commercial banks, which rose to Rs325.431 billion against previous week’s Rs324.042 billion, or by Rs1.389 billion. Borrowings by specialized banks stood at Rs81.088 billion, against preceding week’s figure of Rs81.113 billion, a fall of Rs0.025 billion.

Gross advances stood at Rs2,485.104 billion in the week under review, an increase of Rs2.884 billion over preceding week’s figure of Rs2,482.220 billion. Advances by commercial banks rose to Rs2,389.966 billion against earlier week’s figure of Rs2,386.767 billion, or by Rs3.199 billion. Advances of specialized banks stood at Rs95.139 billion, smaller by Rs0.314 billion over earlier week’s figure of Rs95.453 billion.

Investments of all scheduled banks increased in the week by Rs15.557 billion to Rs1,258.811 billion against preceding week’s figure of Rs1,243.254 billion. Commercial banks investment rose to Rs1,243.889 billion, from earlier week’s Rs1,228.350 billion, or by Rs15.539 billion. Specialized banks investment stood at Rs14.922 billion, against preceding week’s Rs14.904 billion, larger by Rs0.018 billion.

Cash and balances with treasury banks of all scheduled banks decreased by Rs10.747 billion during the week to stand at Rs336.792 billion against earlier week’s Rs347.539 billion. The figure for commercial banks stood at Rs334.333 billion against preceding week’s figure of Rs345.039 billion, a fall of Rs10.704 billion, while of specialized banks it stood at 2.459 billion over previous week’s 2.500 billion.

Total assets of scheduled banks stood at Rs4,673.947 billion, larger by Rs18.841 billion, over preceding week’s figure of Rs4,655.106 billion. Meanwhile, commercial banks assets stood at Rs4,560.760 billion, larger by Rs18.708 billion over previous week’s figure of Rs4,542.052 billion. Specialized banks assets rose to Rs113.187 billion, or by Rs0.133 billion over previous week’s Rs113.054 billion.