The State Bank of Pakistan rejected all bids it had received for three, five and 10 years PIBs last Wednesday.

The Bank received bids of Rs31.99bn. Three year PIBs attracted the highest amount of Rs21.17bn, followed by five year PIBs Rs6.95bn and 10 years PIBs Rs2.73bn. No bids were received were received for 20 year bonds.

Deposits and other accounts of all scheduled banks stood at Rs10,961.49bn after a 1.87pc decrease over the preceding week’s figure of Rs11,170.03bn, according to the weekly statement of position for the week ended April 7. Compared with last year’s corresponding figure of Rs9,587.31bn, this week’s figure was higher by 14.33pc.

Deposits and other accounts of all commercial banks stood at Rs10,888.40bn against preceding week’s figure of Rs11,096.51bn, showing a fall of 1.87pc

Deposits and other accounts of all commercial banks stood at Rs10,888.40bn against preceding week’s deposits of Rs11,096.51bn, showing a fall of 1.87pc. Deposits and other accounts of specialised banks stood at Rs73.08bn, lower by 0.60pc against previous week’s figure of Rs73.52bn.

Total assets of all scheduled banks stood at Rs15,209.18bn, lower by 1.10pc over preceding week’s figure of Rs15,378.98bn. Current week’s figure is higher by10.90pc compared to last year’s corresponding figure of Rs13,713.86bn.

Total assets of all commercial banks stood at Rs14,957.83bn, lower by 1.11pc over previous week’s figure of Rs15,125.57bn, while total assets of specialised banks at Rs251.35bn, were lower 0.81pc over the previous week’s Rs253.40bn.

Gross advances of all scheduled banks stood at Rs5,629.07bn, smaller by 1.20pc over the preceding week’s figure of Rs5,697.41bn. Compared with last year’s corresponding figure of Rs4,852.30bn, current week’s figure is higher by 16pc.

Advances by all commercial banks decreased to Rs5,461.42bn from previous week’s Rs5,529.86bn indicating a decline of 1.24pc, whereas advances of specialised banks stood at Rs167.64bn against previous week’s Rs167.54bn.

Borrowings by all scheduled banks increased in the week under review. It rose by 0.83pc to Rs2,155.07bn against previous week’s Rs2,137.21bn. Compared to last year’s corresponding figure of Rs2,074.13bn, current week’s figure is higher by 3.90pc.

Borrowings by commercial banks in the week at Rs2,075.19bn were higher by 0.89pc against previous week’s Rs2,056.89bn. Borrowings by specialised banks stood at Rs79.87bn against the previous week’s Rs80.31bn.

Investments of all scheduled banks stood at Rs7,696bn against preceding week’s figure of Rs7,669.86bn, showing an increase of 0.34pc. Compared to last year’s corresponding figure of Rs7,192.85bn, current week’s figure is higher by 7pc.

Investments by all commercial banks stood at Rs7,643.10bn, higher by 0.35pc against preceding week’s figure of Rs7,616.54bn, whereas investment by all specialised banks stood at Rs52.90bn against preceding week’s figure of Rs53.32bn.

Notes in circulation stood at Rs3,761.65bn during the week ended April 07, according to the State Bank of Pakistan, against Rs3,672.53bn a week earlier, showing a rise of 2.43pc. Compared to last year’s corresponding figure of Rs3,252.98bn, current week’s figure is higher by 15.64pc.

Published in Dawn, Business & Finance weekly, April 24th, 2017