THE government raised Rs630.87bn from the auction of Pakistan Market Treasury Bills of various tenors held last Thursday, smaller against the received bids of Rs731.32bn. It however, exceeded the auction target of Rs550bn.

Of the total raised amount, three month T-bills fetched the highest Rs283.06bn at a cut off yield of 5.94pc, followed by six month T-bill Rs204.56bn at 5.98pc, and 12 month T-bill Rs143.25bn at 5.99pc.

Three month T-bill attracted the highest amount of Rs369.02bn: six month T-bill Rs216.21bn, and 12 month T-bill Rs146.08bn.

According to the weekly statement of position of all scheduled banks for the week ended February 03, deposits and other accounts of all scheduled banks stood at Rs10,688.88bn after a 0.14pc decrease over the preceding week’s figure of Rs10,703.99bn.

Compared with last year’s corresponding figure of Rs9,347.52bn, the current week’s figure was higher by 14.35pc.

Deposits and other accounts of all commercial banks stood at Rs10,619.739bn against preceding week’s deposits of Rs10,634.11bn, showing a decline of 0.14pc. Deposits and other accounts of specialised banks stood at Rs69.14bn, lower by 1.05pc against previous week’s figure of Rs69.87bn.

Deposits and other accounts of all commercial banks stood at Rs10,619.739bn against preceding week’s deposits of Rs10,634.11bn, showing a decline of 0.14pc

Total assets of all scheduled banks stood at Rs14,731.54bn, higher by 0.20pc over preceding week’s figure of Rs14,701.60bn. Current week’s figure is higher by 9.58pc compared to last year’s corresponding figure of Rs13,442.80bn.

Total assets of all commercial banks stood at Rs14,483.67bn, larger by 0.22pc over previous week’s figure of Rs14,452.21bn, while total assets of specialised banks at Rs247.87bn, were smaller 0.60pc over the previous week’sRs249.38bn.

Gross advances of all scheduled banks stood at Rs5,498.44bn, higher by 0.56pc over the preceding week’s figure of 5,467.78bn. Compared with last year’s corresponding figure of Rs4,836.47bn, current week’s figure is higher by 13.68pc.

Advances by all commercial banks increased to Rs5,333.41bn from previous week’s Rs5,302.15bn indicating a rise of 0.60pc, whereas advances of specialised banks stood at Rs165.02bn against previous week’s Rs165.62bn.

Borrowings by all scheduled banks increased in the week under review. It rose by 2.38pc to Rs1,943.44bn against previous week’s Rs1,898.31bn. Compared to last year’s corresponding figure of Rs2,027.35bn, current week’s figure is lower by 4.14pc.

Borrowings by commercial banks in the week at Rs1,860.93bn were higher by 2.47pc against previous week’s Rs1,816.09bn. Borrowings by specialised banks stood at Rs82.51bn against the previous week’s Rs82.22bn.

Investments of all scheduled banks stood at Rs7,372.78bn against preceding week’s figure of Rs7,373.84bn, showing a decrease of 0.01pc. Compared to last year’s corresponding figure of Rs6,796.03bns, current week’s figure is higher by 8.48pc.

Investments by all commercial banks stood at Rs7,322.24bn, lower by 0.02pc against preceding week’s figure of Rs7,323.49bn, whereas investment by all specialised banks stood at Rs50.53bn against preceding week’s figure of Rs50.35bn.

Published in Dawn, Business & Finance weekly, February 20th, 2017