A sharpreduction of over 100 basis points was noted for Pakistan Investment Bonds of all tenures during the auction conducted on November 19. The government managed to raise Rs150.327bn from the exercise.

Of the total, three-year PIBs fetched Rs72.204bn at a cut off yield of 10.8986pc, followed by 10-year PIBs with Rs50.4bn at 11.9986pc and five-year PIBs with Rs27.722bn at 11.1003 pc. No bids were accepted for 20 year PIBs. The cut-off yields in the previous PIB auction on October 22 had ranged between 12-13.4 pc.

The central bank had received total bids worth Rs163.894bn. Of these, three-year PIBs had attracted Rs78.906bn, followed by 10-year bonds with Rs55.693bn, five-year PIBs with Rs28.77bn and 20-year PIBs with Rs525.04mn.

According to the weekly statement of position of all scheduled banks for the week ending November 7, deposits and other accounts of all scheduled banks declined 1.04pc to Rs8,075.743bn, against the prior week’s figure of Rs8,160.094bn.

Three-year Pakistan Investment Bonds fetched the highest amount of Rs72.204bn during the latest PIB auction

Deposits and other accounts of all commercial banks fell by 1.04pc to Rs8,047.307bn in the week, against the preceding week’s figure of Rs8,132.030bn. Deposits and other accounts of all specialised banks stood at Rs28.436bn in the week, against the previous week’s figure of Rs28.065bn.

Cash and balances with treasury banks of all scheduled banks decreased 7.38pc to Rs666.12bn in the week under review, against the earlier week’s figure of Rs719.922bn.

Cash and balances with treasury banks of all commercial banks stood at Rs662.29bn in the week, against the preceding week’s figure of Rs716.462bn, down 7.56pc. Cash and balances with treasury banks of all specialised banks stood at Rs3.83bn in the week, against the previous week’s Rs3.461bn.

Investments of all scheduled banks stood at Rs4,510.78bn in the week ending November 7, against the prior week’s figure of Rs4,492.817bn, up 0.4pc. Investments of all commercial banks stood at Rs4,473.499bn in the week, against the preceding week’s figure of Rs4,458.56bn. Investments of all specialised banks stood at Rs37.281bn in the week, against the preceding week’s Rs34.256bn.

Gross advances stood at Rs4,303.698bn in the week under review, down 0.31pc over the preceding week’s figure of Rs4,317.135bn. Advances by commercial banks decreased 0.32pc to Rs4,168.183bn, against the earlier week’s figure of Rs4,181.716bn. Advances by specialised banks stood at Rs135.515bn in the week.

Total assets of all scheduled banks stood at Rs10,560.172bn in the week ending November 7, down 0.97pc over the previous week’s figure of Rs10,664.095bn. Total assets of all commercial banks stood at Rs10,376.159bn in the week, against the previous week’s Rs10,480.012bn. Total assets of all specialised banks stood at Rs184.012bn in the week.

Borrowings by all scheduled banks fell to Rs811.465bn in the week under review, against the preceding week’s figure of Rs854.737bn. Borrowings by all commercial banks declined to Rs734.57bn, against the previous week’s Rs777.294bn. Borrowings by specialised banks stood at Rs76.895bn in the week.

Published in Dawn, Economic & Business, November 24th, 2014