THE government raised Rs289.74bn from the auction of Market Treasury Bills of various tenors last Thursday, exceeding its target of Rs250bn. The central bank had received much higher bids of Rs480.38bn. In the earlier auction also the target set was exceeded.

Of the total raised amount, three month T-bill fetched the highest Rs187.89bn at a cut off yield of 5.95pc, followed by 6-month T-bill Rs100.91bn at 5.95pc and 12-month T-bills Rs944bn at 5.949pc.

The central bank had received highest bid for three month T-bill Rs255.66bn, followed by 6-month T-bill with Rs188.40bn and 12-month T-bill Rs36.31bn.

Investments of all scheduled banks showed a rise. Compared to last year’s corresponding figure, the current week’s figure is higher by 9.03pc

According to the weekly statement of position of all scheduled banks for the week ended November 11 deposits and other accounts of all scheduled banks stood at Rs10401.84bn after a 0.06pc decrease over the preceding week’s figure of Rs10407.61bn.

Compared with last year’s corresponding figure of Rs9058.13bn, the current week’s figure was higher by 14.83pc.

Deposits and other accounts of all commercial banks stood at Rs10337.74bn against preceding week’s deposits of Rs10346.07bn, showing a decrease of 0.08pc. Deposits and other accounts of specialised banks stood at Rs64.11bn, higher by 4.18pc against previous week’s figure of Rs61.53bn.

Total assets of all scheduled banks stood at Rs14142.59bn, higher by 0.56pc over preceding week’s figure of Rs14063.74bn. Current week’s figure is higher by 9.14pc compared to last year’s corresponding figure of Rs12957.81bn.

Total assets of all commercial banks stood at Rs13908.58bn,larger by 0.55pc over previous week’s figure of Rs13832.87bn, while total assets of specialised banks at Rs234.01bn, were higher 1.36pc over the previous week’s Rs230.87bn.

Gross advances of all scheduled banks stood at Rs5203.18bn, higher by 0.38pc over the preceding week’s figure of 5183.20bn. Compared with last year’s corresponding figure of Rs4630.59bn, current week’s figure is higher by 12.36pc.

Advances by all commercial banks increased to Rs5038.66bn from previous week’s Rs5018.72bn indicating a rise of 0.40pc, whereas advances of specialised banks stood at Rs164.53bn against previous week’s 164.49bn.

Borrowings by all scheduled banks increased in the week under review. It rose by 4.85pc to Rs1718.54bn against previous week’s Rs1638.99bn. Compared to last year’s corresponding figure of Rs1906.72bn, current week’s figure is lower by 9.87pc.

Borrowings by commercial banks in the week at Rs1640.06bn were higher by 5.01pc against previous week’s Rs1560.62bn. Borrowings by specialised banks stood at Rs78.48bn against the previous week’s Rs78.38bn.

Investments of all scheduled banks stood at Rs7184.68bn against preceding week’s figure of Rs7172.27bn, showing a rise of 0.17pc. Compared to last year’s corresponding figure of Rs6589.38bn, current week’s figure is higher by 9.03pc.

Investments by all commercial banks stood at Rs7135.91bn, higher by 0.16pc against preceding week’s figure of Rs7124.74bn, whereas investment by all specialised banks stood at Rs48.77bn against preceding week’s figure of Rs47.53bn.

Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs.804.92bn against previous week’s Rs795.85bn, showing a rise of 1.14pc. Current week’s figure increased by 8.53pc compared to last year’s corresponding figure of Rs741.67bn.

Published in Dawn, Business & Finance weekly, November 28th, 2016