THE government raised Rs258.85bn from the auction of Pakistan Market Treasury Bills of various tenors held last Thursday, smaller against the received bids of Rs337.88bn. It was however, higher against the auction target of Rs250bn.

Of the total raised amount, three month T-bills fetched the entire amount of Rs258.85bn at a cut off yield of 5.99pc. Bids received for three month and six month T-bills were rejected.

Three month T-bill attracted the highest amount of Rs272.66bn: six month T-bill Rs63.10bn, and 12 month T-bill Rs2.12bn.

Deposits and other accounts of all scheduled banks stood at Rs1,1170.03bn after a 2.72pc increase over the preceding week’s figure of Rs10,873.70bn, according to the weekly statement of position for the week ended March 31. Compared with last year’s corresponding figure of Rs9,644.26bn, the current week’s figure was higher by 15.82pc.

Total assets of all scheduled banks stood at Rs15,378.98bn, higher by 2.30pc over preceding week’s figure of Rs15,034.64bn

Deposits and other accounts of all commercial banks stood at Rs11,096.51bn against preceding week’s deposits of Rs10,800.67bn, showing a rise of 2.74pc. Deposits and other accounts of specialised banks stood at Rs73.52bn, lower by 0.68pc against previous week’s figure of Rs73.02bn.

Total assets of all scheduled banks stood at Rs15,378.98bn, higher by 2.30pc over preceding week’s figure of Rs15,034.64bn. Current week’s figure is higher by 12.05pc compared to last year’s corresponding figure of Rs13,724.91bn.

Total assets of all commercial banks stood at Rs15,125.57bn, higher by 2.32pc over previous week’s figure of Rs14,783.09bn, while total assets of specialised banks at Rs253.40bn, were higher 0.74pc over the previous week’sRs251.54bn.

Gross advances of all scheduled banks stood at Rs5,697.41bn, larger by 2.12pc over the preceding week’s figure of Rs5,579.03bn. Compared with last year’s corresponding figure of Rs4,871.14bn, current week’s figure is higher by 16.96pc.

Advances by all commercial banks increased to Rs5,529.86bn from previous week’s Rs5,412.02bn indicating a rise of 2.18pc, whereas advances of specialised banks stood at Rs167.54bn against previous week’s Rs167.01bn.

Borrowings by all scheduled banks increased in the week under review. It rose by 3.70pc to Rs2,137.21bn against previous week’s Rs2,060.89bn. Compared to last year’s corresponding figure of Rs2,038.29bn, current week’s figure is higher by 4.85pc.

Borrowings by commercial banks in the week at Rs2,056.89bn were higher by 3.90pc against previous week’s Rs1,979.73bn. Borrowings by Specialized banks stood at Rs80.31bn against the previous week’s Rs81.16bn.

Investments of all scheduled banks stood at Rs7,669.86bn against preceding week’s figure of Rs7,549.96bn, showing an increase of 1.60pc. Compared to last year’s corresponding figure of Rs7,198.53bn, current week’s figure is higher by 6.55pc.

Investments by all commercial banks stood at Rs7,616.54bn, higher by 1.61pc against preceding week’s figure of Rs7,495.81bn, whereas investment by all specialised banks stood at Rs53.32bn against preceding week’s figure of Rs54.14bn.

Approved foreign exchange at Rs868.12bn, was lower by 7.64pc over last week’s Rs939.93bn. Compared to last year’s corresponding figure of Rs987.93bn current week’s figure is lower by 12.13pc.

Published in Dawn, Economic & Business, April 17th, 2017