THE government managed to raise Rs83.69bn from the auction of Pakistan Investment Bonds of various tenors on August 13.

Of the total, three-year PIBs fetched Rs39.302bn at a cut-off yield of 12.5092pc, followed by 10-year PIBs with Rs22.83bn at 13.3494pc and five-year PIBs with Rs21.557bn at 12.9021pc.

The central bank had received total bids worth Rs87.532bn. Of these, three-year PIBs had attracted Rs41.252bn, followed by 10-year PIBs with Rs24.676bn and 10-year PIBs with Rs21.605bn. No bids were received for 20-year PIBs.

According to the weekly statement of position of all scheduled banks for the week ending July 25, gross advances stood at Rs4230.396bn, down 0.13pc over the preceding week’s figure of Rs4224.785bn.

Three-year Pakistan Investment Bonds fetched the highest amount of Rs39.302bn, at a cut-off yield of 12.5092pc, during the latest PIB auction

Advances by commercial banks also dipped by 0.13pc to Rs4097.637bn in the week, against the earlier week’s figure of Rs4092.316bn. Advances by specialised banks stood at Rs132.759bn in the week.

Cash and balances with treasury banks of all scheduled banks decreased by 10.32pc during the week under review to Rs657.751bn, against the earlier week’s Rs733.468bn. Cash and balances with treasury banks of all commercial banks stood at Rs654.345bn in the week, against the preceding week’s figure of Rs729.134bn, down 10.25pc. Cash and balances with treasury banks of all specialised banks stood at Rs3.407bn in the week, against the preceding week’s figure of Rs4.333bn.

Investments of all scheduled banks stood at Rs4412.77bn in the week ending July 25, against the preceding week’s figure of Rs4411. 937bn, up 0.01pc.

Investments of all commercial banks stood at Rs4381.482bn in the week, against the earlier week’s figure of Rs4380.798bn, also up 0.01pc. Specialised banks’ investments stood at Rs31.288bn in the week, against the preceding week’s figure of Rs31.138bn.

Total assets of all scheduled banks stood at Rs10218.594bn in the week under review, lower by 0.41pc over the preceding week’s

figure of Rs10260.523bn. Total assets of all commercial banks stood at Rs10039.216bn in the week, down 0.41pc over the previous week’s figure of Rs10080.391bn. Investments of all specialised banks stood at Rs179.378bn in the week, over the previous week’s Rs180.131bn.

Borrowings by all scheduled banks declined by 10.6pc to Rs680.725bn in the week ending July 25, over the previous week’s figure of Rs761.034bn.

Borrowings by all commercial banks fell to Rs600.174bn in the week, against the earlier week’s Rs680.286, or by 11.8pc. Borrowings by specialised banks stood at Rs80.551bn in the week, against the preceding week’s figure of Rs80.747bn.

Deposits and other accounts of all scheduled banks rose by 0.4pc to Rs7991.682bn in the week under review, against the preceding week’s figure of Rs7960.079bn.

Deposits and other accounts of all commercial banks rose by 0.40pc to Rs7970.891bn in the week, against the prior week’s Rs7939.396bn. Deposits and other accounts of all specialised banks stood at Rs20.791bn in the week, against the previous week’s figure of Rs20.683bn.

Other liabilities of all scheduled banks stood at Rs354.711bn in the week ending July 25, against the preceding week’s figure of Rs353.11bn, up 0.45pc.

Published in Dawn, Economic & Business, August 18th, 2014