NOTES in circulation and those issued increased in the week, ended June 8, 2012. Notes in circulation stood at Rs1830.315 billion against earlier week’s figure of Rs1777.355 billion, a rise of Rs52.960 billion.

When compared to the corresponding week a year ago when it was Rs1655.960 billion, the current week’s figure is higher by Rs174.355 billion.

Total notes issued also increased in the current week over preceding week’s level. At Rs1830.470 billion it was higher by Rs52.959 billion over the figure of Rs1777.511 billion recorded a week earlier. In the corresponding week last year it amounted to Rs1656.078 billion, which shows current week’s figure to be higher by Rs174.392 billion over last year’s figure.

Approved foreign exchange increased in the week to Rs372.624 billion, higher by Rs18.108 billion over preceding week’s figure of Rs354.516 billion. When compared to the corresponding week a year ago, when the figure was Rs422.832 billion, the current week’s figure is lower by Rs50.208 billion.

Balances held outside Pakistan in approved foreign exchange declined in the week under review.

It stood at Rs680.958 billion over preceding week’s figure of Rs707.003 billion, a fall of Rs26.045 billion. Compared to last year’s corresponding figure of Rs764.718 billion, the current week’s figure is smaller by Rs83.760 billion.

Loans and advances of scheduled banks to the three sectors — agricultural, industrial and export showed a mixed trend in the week under review. The agricultural sector received Rs52.140 billion against preceding week’s figure of Rs52.058 billion, a rise of Rs0.082 billion. The current week’s figure is smaller by Rs1.061 billion over last year’s corresponding figure of Rs53.201 billion.

The industrial sector received Rs42.883 billion against preceding week’s Rs42.791 billion, higher by Rs0.092 billion. Current week’s figure is higher by Rs0.314 billion, over last year’s comparable figure of Rs42.569 billion.

Loan and advances to export sector were Rs163.149 billion, lower by Rs1.660 billion, over previous week’s figure of Rs164.809 billion. Current week’s figure was lower by Rs28.841 billion, compared to last year’s corresponding figure of Rs191.990 billion.

Special Drawing Rights held with the International Monetary Fund stood at Rs84.293 billion in the week under review against Rs83.650 billion a week earlier, showing a rise of Rs0.643 billion. Compared to the corresponding figure of Rs95.312 billion a year earlier, the current figure is smaller by Rs11.019 billion.

Total assets increased to Rs2251.065 billion against preceding week’s figure of Rs2236.901 billion, showing a rise of Rs14.164 billion. Current week’s figure was higher by Rs78.083 billion compared to last year’s corresponding figure of Rs2172.982 billion.

Opinion

The Dar story continues

The Dar story continues

One wonders what the rationale was for the foreign minister — a highly demanding, full-time job — being assigned various other political responsibilities.

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