December 10, 2007	Monday	Ziqa'ad 28, 1428

According to the Statement of Affairs of the State Bank of Pakistan, for the week ended November 24, 2007, both notes in circulation and those issued declined in the week.

Notes in circulation stood at Rs992,576.373 million against earlier week’s of Rs995,186.317 million, a fall of Rs2,609.944 million.

It was higher by Rs135,743.01 million when compared to Rs856,833.363 million over the corresponding week a year ago.

Total notes issued also fell in the current week over preceding week’s level.

At Rs992,771.540 million it was smaller by Rs2,605.706 million over the figure of Rs995,377.246 million recorded a week earlier.

In the corresponding week last year it amounted to Rs856,963.101 million, which shows current week’s figure to be higher by Rs135,808.439 million over last year’s corresponding figure.

Approved foreign exchange decreased in the week to Rs739,101.702 million falling by Rs12,662.58 million over preceding week’s figure of Rs751,764.282 million.

When compared to the corresponding week a year ago, when the figure was Rs521,730.022 million, the current week’s figure is higher by Rs217,371.68 million.

Balances held outside Pakistan in approved foreign exchange increased in the week under review.

It stood at Rs142,184.976 million over preceding week’s figure of Rs132,027.889 million, a rise of Rs10,157.087 million.

Compared to last year’s corresponding figure of Rs129,613.414 million, the current week’s figure is larger by Rs12,571.562 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 Rs57,855.895 million.

The current week’s figure is smaller by Rs5,326.889 million over last year’s corresponding figure of Rs63,182.785 million.

There was an inflow of Rs40,094.378 million to the industrial sector during the week under review, a rise of Rs116.282 million against preceding week’s figure of Rs39,978.096 million.

When compared to last year’s corresponding figure of Rs21,745.346 million, the current week’s figure is higher by Rs18,349.032 million.

The export sector received Rs100,582.413 million against previous week’s figure of Rs100,487.061 million, a rise of Rs95.352 million.

Current week’s figure was smaller by Rs23,077.128 million over last year’s corresponding figure of Rs123,659.541 million.

According to the weekly statement of position of all scheduled banks for the week ended November 24, 2007, deposits and other accounts of the scheduled banks stood at Rs3,478.385 billion, larger by Rs6.84 billion over preceding week’s figure of Rs3,471.545 billion.

Commercial banks deposits showed an increase of Rs6.752 billion over the week to Rs3,466.308 billion, against preceding week’s Rs3,459.556 billion.

Specialised banks deposits stood at Rs12.076 billion, against preceding week’s Rs11.990 billion, a rise of Rs0.086 billion.

Borrowings by all scheduled banks decreased during the week over preceding week’s figure.

It fell to Rs432.859 billion over preceding week’s figure of Rs446.640 billion, a fall of Rs13.781 billion.

This was primarily due to a decline in the borrowings by commercial banks, which fell to Rs351.646 billion against previous week’s Rs365.452 billion, or by Rs13.806 billion.

Borrowings by specialised banks stood at Rs81.213 billion, against preceding week’s figure of Rs81.188 billion, a rise of Rs0.025 billion.

Gross advances stood at Rs2,535.759 billion in the week under review, an increase of Rs11.157 billion over preceding week’s figure of Rs2,524.602 billion.

Advances by commercial banks rose to Rs2,440.655 billion against earlier week’s figure of Rs2,429.428 billion, or by Rs11.23 billion.

Advances of specialised banks stood at Rs95.104 billion, lower by Rs0.07 billion over earlier week’s figure of Rs95.174 billion.

Investments of all scheduled banks further declined in the week by Rs34.56 billion to Rs1,213.543 billion against preceding week’s figure of Rs1,248.100 billion.

Commercial banks investment decreased to Rs1,199.409 billion, from earlier week’s Rs1,234.071 billion, or by Rs34.66 billion.

Specialised banks investment stood at Rs14.134 billion, against preceding week’s Rs14.029 billion, larger by Rs0.11 billion.

Cash and balances with treasury banks of all scheduled banks increased by Rs16.65 billion during the week to stand at Rs361.142 billion against earlier week’s Rs344.489 billion.

The figure for commercial banks stood at Rs358.629 billion against preceding week’s figure of Rs342.047 billion, a rise of Rs16.58 billion, while of specialised banks it stood at 2.514 billion over previous week’s 2.442 billion.

Total assets of scheduled banks stood at Rs4,708.395 billion, smaller by Rs7.60 billion, over preceding week’s figure of Rs4,715.997 billion.

Meanwhile, commercial banks assets stood at Rs4,594.382 billion, smaller by Rs7.95 billion over previous week’s figure of Rs4,602.333 billion.

Specialised banks assets rose to Rs114.013 billion, or by Rs0.35 billion over previous week’s Rs113.663 billion.