According to the weekly statement of position of scheduled banks for the week ended September 27, 2003, the sum of demand and time liabilities continued to increase in the week under review.

The sum total stood at Rs1,806,991 million against preceding week’s Rs1,804,615 million, showing a rise of Rs2,376 million. As compared to the total deposits of Rs1,540,404 million in the corresponding period last year, current week’s deposits were higher by Rs266,587 million.

During the week under review demand deposits rose, while time deposits fell. Demand deposits increased to Rs877,616 million, a rise of Rs3,347 million over previous week’s Rs874,269 million. It was higher against last year’s corresponding figure of Rs681,827 million by Rs195,789 million.

In the current week, time deposits declined over the preceding week’s figure. At Rs929,375 million, it was smaller by Rs971 million over previous week’s Rs930,346 million but higher by Rs70,798 million, over last year’s corresponding figure of Rs858,577 million.

Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities increased in the current week. At Rs139,627 million it was larger by Rs4,136 million over preceding week’s Rs135,491 million. Compared to last year’s corresponding figure of Rs126,784 million, the current week’s figure is higher by Rs12,843 million.

Scheduled banks borrowings from banks abroad stood at Rs19,695 million in the current week, as against Rs19,994 million a week ago, showing a fall of Rs299 million. It was however, larger by Rs4,834 million over last year’s corresponding figure of Rs14,861 million.

Money at call and short notice in Pakistan increased in the week under review over previous week’s figure. It stood at Rs21,327 million, a rise of Rs558 million over preceding week’s Rs20,769 million. When compared to last year’s corresponding figure of Rs37,715 million, the current figure is lower by Rs16,388 million.

Scheduled banks advances including bills purchased and discounted increased in the week under review. At Rs1,051,344 million it was higher by Rs4,351 million over preceding week’s Rs1,046,993 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs931,657 million, the current week’s advances are higher by Rs119,687 million.

Scheduled banks investment in central government securities, Treasury bills and other approved securities decreased in the current week when compared to preceding week’s level. Such investments amounted to Rs804,115 million, a fall of Rs350 million over previous week’s Rs804,465 million. Compared to last year’s corresponding figure of Rs601,577 million, the current week’s investment is higher by Rs202,538 million.

Total assets of scheduled banks increased in the week under review. These stood at Rs2,576,309 million against previous week’s Rs2,576,274 million, a rise of Rs35 million. Compared to last year’s corresponding figure of Rs2,429,320 million it shows a rise of Rs146,989 million.