May 19, 2008	Monday	Jamadi-ul-Awwal 13, 1429

According to the Statement of Affairs of the State Bank of Pakistan, for the week ended May 03, 2008, both notes in circulation and those issued increased in the week.

Notes in circulation stood at Rs1,045.961 billion against earlier week’s figure of Rs1,044.472 billion, a rise of Rs1.489 billion. When compared to the corresponding week a year ago when it was Rs904.170 billion, the current week’s figure is higher by Rs141.791 billion.

Total notes issued also increased in the current week over preceding week’s level. At Rs1,046.111 billion it was larger by Rs1.493 billion over the figure of Rs1,044.618 billion recorded a week earlier. In the corresponding week last year it amounted to Rs904.348 billion, which shows current week’s figure to be higher by Rs141.763 billion over last year’s corresponding figure.

Approved foreign exchange decreased in the week to Rs519.038 billion or by Rs23.974 billion over preceding week’s figure of Rs543.012 billion. When compared to the corresponding week a year ago, when the figure was Rs596.490 billion, the current week’s figure is lower by Rs77.452 billion.

Balances held outside Pakistan in approved foreign exchange decreased in the week under review. It stood at Rs135.571 billion over preceding week’s figure of Rs137.422 billion, a fall of Rs1.851 billion. Compared to last year’s

corresponding figure of Rs133.347 billion, the current week’s figure is larger by Rs2.224 billion.

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 Rs49.777 billion, similar to preceding week’s figure. The current week’s figure is smaller by Rs10.406 billion over last year’s corresponding figure of Rs60.183 billion.

There was an inflow of Rs39.988 billion to the industrial sector during the week under review, a rise of Rs0.134 billion against preceding week’s figure of Rs39.854 billion. When compared to last year’s corresponding figure of Rs41.841 billion, the current week’s figure is smaller by Rs1.853 billion.

The export sector received Rs97.871 billion against previous week’s figure of Rs98.264 billion, lower by Rs0.393 billion. Current week’s figure was smaller by Rs40.671 billion over last year’s corresponding figure of Rs138.542 billion.

According to the weekly statement of position of all scheduled banks for the week ended May 03, 2008, deposits and other accounts of the scheduled banks stood at Rs3,669.599 billion, larger by Rs19.549 billion over preceding week’s figure of Rs3,650.050 billion. Commercial banks deposits showed a increased of Rs19.601 billion over the week to Rs3,657.125 billion, against preceding week’s Rs3,637.524 billion. Specialised banks deposits stood at Rs12.474 billion, against preceding week’s Rs12.525 billion, a fall of Rs0.051 billion.

Borrowings by all scheduled banks decreased during the week over preceding week’s figure. It rose to Rs421.917 billion over preceding week’s figure of Rs428.801 billion, a fall of Rs6.884 billion. This was primarily due to a fall in the borrowings by commercial banks, which fell to Rs340.503 billion against previous week’s Rs347.737 billion, or by Rs7.234 billion. Borrowings by specialised banks stood at Rs81.413 billion, against preceding week’s figure of Rs81.063 billion.

Gross advances stood at Rs2,904.183 billion in the week under review, a rise of Rs33.564 billion over preceding week’s figure of Rs2,870.619 billion. Advances by commercial banks rose to Rs2,807.759 billion against earlier week’s figure of Rs2,774.353 billion, or by Rs33.406 billion. Advances of specialized banks stood at Rs96.424 billion, larger by Rs0.158 billion over earlier week’s figure of Rs96.266 billion.

Investments of all scheduled banks decreased in the week by Rs28.11 billion to Rs1,032.044 billion against preceding week’s figure of Rs1,060.154 billion. Commercial banks investment fell to Rs1,016.932 billion, from earlier week’s Rs1,046.060 billion, or by Rs29.128 billion. Specialised banks investment stood at Rs15.111 billion, against preceding week’s Rs14.094 billion, larger by Rs1.017 billion.

Cash and balances with treasury banks of all scheduled banks decreased by Rs11.027 billion during the week to stand at Rs363.530 billion against earlier week’s Rs374.557 billion. The figure for commercial banks stood at Rs360.755 billion against preceding week’s figure of Rs371.683 billion, a fall of Rs10.928 billion, while of specialised banks it stood at Rs2.775 billion over previous week’s Rs2.874 billion.

Total assets of scheduled banks stood at Rs4,953.360 billion, larger by Rs12.13 billion, over preceding week’s figure of Rs4,941.230 billion. Meanwhile, commercial banks assets stood at Rs4,835.661 billion, larger by Rs11.691 billion over previous week’s figure of Rs4,823.970 billion. Specialized banks assets rose to Rs117.699 billion, or by Rs0.439 billion over previous week’s Rs117.260 billion.