THE government raised Rs56.152bn during this fiscal’s first auction of Pakistan Investment Bonds of various tenors last week. The amount was below the government’s target.

Of the total, three-year PIBs fetched Rs32.247bn at a cut-off yield of 12.3834pc, followed by 10-year PIBs with Rs11.886bn at 13.2002pc, five-year PIBs with Rs9.928bn at 12.8015pc and then 20-year PIBs with Rs2.09bn at 13.1125pc.

According to the weekly statement of position of all scheduled banks for the week ended July 4, gross advances by scheduled banks stood at Rs4221.2bn, down 1.5pc over the preceding week’s figure of Rs4285.955bn. Advances by commercial banks decreased to Rs4089.197bn in the week, against the earlier week’s figure of Rs4153.719bn, or by 1.6pc. Advances by specialised banks stood at Rs132.003bn in the week.

Cash and balances with treasury banks of all scheduled banks dropped by 2.13pc during the week under review to Rs670.956bn, against the earlier week’s Rs685.570bn. The current week’s figure is higher by 21.24pc when compared with last year’s corresponding figure of Rs553.425bn.

Cash and balances with treasury banks of all commercial banks stood at Rs667.254bn in the week, against the preceding week’s Rs682.219bn, down 2.2pc. Cash and balances with treasury banks of all specialised banks stood at Rs3.701bn in the week, against the preceding week’s figure of Rs3.351bn.

Investments of all scheduled banks stood at Rs4346.542bn in the week ending July 4, against the preceding week’s figure of Rs4360.507bn. Investments of all commercial banks stood at Rs4314.545bn in the week, against the preceding week’s Rs4328.522bn. Specialised banks’ investments stood at Rs31.997bn in the week, against the earlier week’s Rs31.986bn.

Total assets of all scheduled banks stood at Rs10325.401bn in the week under review, lower by 0.92pc over the previous week’s figure of Rs10421.185bn. Total assets of all commercial banks stood at Rs10145.24bn in the week, lower by 0.94pc over the previous week’s figure of Rs10241.964bn. Total assets of all specialised banks stood at Rs180.161bn in the week, the over previous week’s Rs179.221bn.

Borrowings by all scheduled banks declined in the week to Rs681.072bn in the week ending July 4, over the earlier week’s figure of Rs692.015bn, or by 1.6pc. When compared with last year’s corresponding figure of Rs727.289bn, the current week’s figure is lower by 6.35pc.

Borrowings by all commercial banks fell by 1.8pc to Rs600.421bn in the week, against the previous week’s Rs611.462bn. Borrowings by specialised banks stood at Rs80.651bn in the week, against the preceding week’s figure of Rs80.553bn.

Deposits and other accounts of all scheduled banks rose to Rs8085.702bn in the week ending July 4, over the preceding week’s figure of Rs8082.412bn. Deposits and other accounts of all commercial banks rose to Rs8063.36bn in the week, against the preceding week’s Rs8060.352bn. Specialised banks’ deposits stood at Rs22.342bn in the week, against the previous week’s Rs22.06bn.

Other liabilities of all scheduled banks stood at Rs369.078bn in the week under review, against the preceding week’s Rs407.984bn, down 9.5pc.

Other liabilities of all commercial banks fell to Rs315.122bn in the week, over the previous week’s Rs356.095bn, or by 11.5pc.

Published in Dawn, Economic & Business, July 21st, 2014