THE government raised Rs360.02bn from the auction of Pakistan Market Treasury Bills of various tenors held last Thursday, smaller against the received bids of Rs399.15bn. It was however, higher against the auction target of Rs300bn.

Of the total raised amount, three month T-bills fetched the highest Rs269.81bn at a cut off yield of 5.99pc, followed by six month T-bill Rs84.55bn at 6.01pc and 12 month T-bill Rs5.66bn at 6.027pc.

Three month T-bills attracted the highest amount of Rs271.88bn: six month T-bill Rs94.25bn, and 12 month T-bill Rs33.01bn.

Deposits and other accounts of all scheduled banks stood at Rs10,993.78bn after a 0.29pc increase over the preceding week’s figure of Rs10,961.49bn, according to the weekly statement for the week ended April14.

Compared with last year’s corresponding figure of Rs9,608.64bn, the current week’s figure was higher by 14.42pc.

Deposits and other accounts of all commercial banks stood at Rs10,920.48bn against preceding week’s deposits of Rs10,888.40bn, showing a rise of 0.29pc.

Deposits and other accounts of specialised banks stood at Rs73.29bn, higher by 0.29pc against previous week’s figure of Rs73.08bn.

Total assets of all commercial banks stood at Rs15,092.31bn, higher by 0.90pc over previous week’s figure of Rs14,957.83bn

Total assets of all scheduled banks stood at Rs15,341.83bn, larger by 0.87pc over preceding week’s figure of Rs15,209.18bn. Current week’s figure is higher by 12.65pc compared to last year’s corresponding figure of Rs13,618.40bn.

Total assets of all commercial banks stood at Rs15,092.31bn, higher by 0.90pc over previous week’s figure of Rs14,957.83bn, while total assets of specialised banks at Rs249.52bn, were lower 0.73pc over the previous week’s Rs251.35bn.

Gross advances of all scheduled banks stood at Rs5,668.06bn, higher by 0.70pc over the preceding week’s figure of Rs5,629.07bn. Compared with last year’s corresponding figure of Rs4,873.51bn, current week’s figure is higher by 16.30pc.

Advances by all commercial banks increased to Rs5,500.11bn from previous week’s Rs5,461.42bn indicating a rise of 0.70pc, whereas advances of specialised banks stood at Rs167.95bn against previous week’s Rs167.64bn.

Borrowings by all scheduled banks rose by 2.38pc to Rs2,206.28bn against previous week’s Rs2,155.07bn. This week’s figure is higher by 12.30pc than the last year’s corresponding figure of Rs1,964.57bn,

Borrowings by commercial banks in the week at Rs2,179.46bn were higher by 5.02pc against previous week’s Rs2,075.19bn. Borrowings by specialised banks stood at Rs26.82bn against the previous week’s Rs79.87bn.

Investments of all scheduled banks stood at Rs7,750.93bn against preceding week’s figure of Rs7,696bn, showing an increase of 0.71pc.

Compared to last year’s corresponding figure of Rs7,050.30bn, current week’s figure is higher by 9.94pc.

Investments by all commercial banks stood at Rs7,702.67bn, higher by 0.78pc against preceding week’s figure of Rs7,643.10bn, whereas investment by all specialised banks stood at Rs48.25bn against preceding week’s figure of Rs52.90bn.

Approved foreign exchange at Rs869.33bn, was lower by 7.93pc over last week’s Rs944.17bn. Compared to last year’s corresponding figure of Rs974.23bn current week’s figure is lower by 10.78pc.

Published in Dawn, The Business and Finance Weekly, May 1st, 2017