THE government raised Rs135.958bn from the auction of Pakistan Investment Bonds of various tenors held last Thursday. It received bids of Rs198.945bn. No bids were received for 20-year bonds.

It generated Rs60.956bn from five-year bonds at a cut-off yield of 6.9997pc, Rs45.761bn from three-year at 6.5492pc and Rs29.239bn from 10-year PIBs at 8.1804pc.

According to the weekly statement of position of all scheduled banks for the week ended April 8, 2016, deposits and other accounts of all scheduled banks decreased 0.06pc to Rs9,587.311bn from Rs9,644.264bn a week ago. Compared with last year’s corresponding figure of Rs8,582.000bn, it was higher by 11.71pc.

Notes in circulation increased to Rs3,252.982bn

Deposits and other accounts of all commercial banks eased 0.58pc to Rs9,549.385bn from preceding week’s Rs9,605.812bn. Deposits and other accounts of specialised banks stood at Rs37.926bn against previous week’s Rs38.452bn.

Combined assets of all scheduled banks dropped 0.08pc to Rs13,713.863bn from preceding week’s Rs13,724.912bn. It was higher by 14.67pc compared to last year’s corresponding figure of Rs11,959.427bn.

Total assets of all commercial banks stood at Rs13,507.364bn, smaller by 0.06pc over previous week’s Rs13,514.851bn.

Total assets of specialised banks stood at Rs206.500bn over previous week’sRs210.061bn.

Gross advances of all scheduled banks fell 0.39pc to Rs4,852.305bn from Rs4,871.146bn in the preceding week. Compared with last year’s corresponding figure of Rs4438.493bn, it was higher by 9.32pc.

Advances by all commercial banks declined to Rs4,690.189bn against previous week’s Rs4,709.203bn. Advances of specialised banks stood at Rs161.767bn against previous week’s Rs161.767bn.

Borrowings by all scheduled banks increased 1.76pc to Rs2,074.132bn over previous week’s Rs2,038.298bn. Compared to last year’s corresponding figure of Rs1434.895bn, it was up by 44.55pc.

Overall borrowings by commercial banks also increased 1.98pc to Rs1,996.593bn against previous week’s Rs1,957.869bn. Borrowings by the specialised banks stood at Rs77.539bn against preceding week’s figure of Rs80.429bn.

Investments of all scheduled banks stood at Rs7,192.852bn against preceding week’s figure of Rs7198.534bn, a fall of 0.08pc. Compared to last year’s corresponding figure of Rs5808.682bn, it was higher by 23.83pc. Investments by all commercial banks decreased 0.04pc at Rs7,168.359bn from Rs7,171.301bn a week ago. Compared to last year’s corresponding figure of Rs5,779.518bn, it was higher by 24.03pc. Investment by all specialised banks stood at Rs24.494bn against preceding week’s figure of Rs27.233bn.

Cash and balances with treasury banks of all scheduled banks decreased 1.93pc to Rs755.670bn from previous week’s Rs770.526bn. Current week’s figure was higher by11.13pc compared to last year’s corresponding figure of Rs679.991bn.

Cash and balances of all commercial banks stood at Rs753.796bn, lower by 1.90 pc over previous week’s Rs768.417bn.

According to the weekly Statement of Affairs of the State Bank of Pakistan for the week ended April08, notes in circulation increased to Rs3,252.982bn over preceding week’s figure of Rs3,167.871bn, a rise of 2.68 pc.

Published in Dawn, Business & Finance weekly, April 25th, 2016