The government raised Rs251.19bn from the auction of Market Treasury Bills of various tenors held on Jan 5, surpassing its target of Rs200.00bn.

Of the total, six month T-bill fetched Rs216.55bn at a cut off yield of 5.99pc, followed by 12 month T-bill with Rs23.59bn at 5.99pc, and three month bill Rs11.05bn at 5.95pc.

The central bank had received total bids worth Rs634.43bn: 6 month T-bill Rs351.41bn, followed by three month T-bill Rs180.03bn and 12 month T-bill Rs102.98bn.

According to the weekly statement of position of all scheduled banks for the week ended Dec 30, 2016 deposits and other accounts of all scheduled banks stood at Rs11,202.89bn after a 5.06pc increase over the preceding week’s figure of Rs10,663.65bn. Compared with last year’s corresponding figure of Rs9,675.59bn, the current week’s figure was higher by 15.78pc.

Deposits and other accounts of all commercial banks stood at Rs11,133.87bn against preceding week’s deposits of Rs10,596.15bn, showing a rise of 5.07pc. Deposits and other accounts of specialised banks stood at Rs69.02bn, higher by 2.26pc against previous week’s figure of Rs67.495bn.

Total assets of all scheduled banks stood at Rs15,116.40bn, higher by 4.12pc over preceding week’s figure of Rs14,517.78bn. Current week’s figure is higher by13.03pc compared to last year’s corresponding figure of Rs13,373.94bn.

Total assets of all commercial banks stood at Rs14,868.90bn larger by 4.16pc over previous week’s figure of Rs14,274.93bn, while total assets of specialised banks at Rs247.49bn, were higher 1.90pc over the previous week’s Rs242.86bn.

Investments increased by 0.68pc. Compared to last year’s corresponding figure that of the current week is higher by 7.78pc

Gross advances of all scheduled banks stood at Rs5,571.99bn, higher by 4.15pc over the preceding week’s figure of 5,349.95bn. Compared with last year’s corresponding figure of Rs4,904.52bn, current week’s figure is higher by 13.60pc.

Advances by all commercial banks increased to Rs5,406.38bn from previous week’s Rs5,184.997bn indicating a rise of 5.27pc, whereas advances of specialised banks stood at Rs165.61bn against previous week’s 164.95bn.

Borrowings by all scheduled banks increased in the week under review. It rose by 2.65pc to Rs1,839.20bn against previous week’s Rs1,791.720bn. Compared to last year’s corresponding figure of Rs1,686.94bn, current week’s figure is higher by 9.03pc.

Borrowings by commercial banks in the week at Rs1,756.45bn were higher by 2.68pc against previous week’s Rs1,710.54bn. Borrowings by specialised banks stood at Rs82.76bn against the previous week’s Rs81.18bn.

Investments of all scheduled banks stood at Rs7,233.33bn against preceding week’s figure of Rs7,184.61bn, showing an increase of 0.68pc. Compared to last year’s corresponding figure of Rs6,710.96bn, current week’s figure is higher by 7.78pc.

Investments by all commercial banks stood at Rs7,187.51bn, higher by 0.67pc against preceding week’s figure of Rs7,139.64bn, whereas investment by all specialised banks stood at Rs45.82bn against preceding week’s figure of Rs44.97bn.

Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs.1088.191bn against previous week’s Rs882.52bn, showing a rise of 23.30pc. Current week’s figure increased by 46.04pc compared to last year’s corresponding figure of Rs745.11bn.

Published in Dawn, Business & Finance weekly, January 16th, 2017