THE government raised Rs332.25bn from the auction of MTB of various tenors held on May 25, smaller against the received bids of Rs391.22bn.

It was also smaller against the auction target of Rs400bn. The cut off yield remained unchanged for three and six month T-bills.

Of the total raised amount, three month T-bills fetched the highest Rs247.99bn at a cut off yield of 5.99pc, followed by six month T-bill Rs81.42bn at 6.01pc and 12 month T-bill Rs2.82bn at 6.04pc.

Three month T-bill attracted the highest amount of Rs262.39bn: six month T-bill Rs107.15bn, and 12 month T-bill Rs21.67bn.

Deposits and other accounts of scheduled banks stood at Rs11,179.26bn after a 0.98pc increase over the preceding week’s figure of Rs11,070.49bn, according to the weekly statement for the week ended May 12. Compared with last year’s corresponding figure of Rs9,691.94bn, the current week’s figure was higher by 15.35pc.

Deposits and other accounts of all commercial banks stood at Rs11,103.45bn against preceding week’s deposits of Rs10,996.66bn, showing a rise of 0.97pc. Deposits and other accounts of specialised banks stood at Rs75.81bn, higher by 2.68pc against previous week’s figure of Rs73.83bn.

Total assets of all scheduled banks stood at Rs15,746.66bn, higher by 1.57pc over preceding week’s figure of Rs15,503.50bn. Current week’s figure is higher by 15.96pc compared to last year’s corresponding figure of Rs13,579.68bn.

Total assets of all commercial banks stood at Rs15,499.90bn, higher by 1.58pc over the previous week’s figure of Rs15,258.36bn, while total assets of specialised banks at Rs246.76bn, were larger 0.66pc over the previous week’s Rs245.14bn.

Borrowings by commercial banks in the week at Rs2,342.99bn were higher by 6.31pc against the previous week’s Rs2,203.90bn

Gross advances of all scheduled banks stood at Rs5,869.52bn, higher by 1.10pc over the preceding week’s figure of Rs5,805.25bn. Compared with last year’s corresponding figure of Rs4,997.16bn, current week’s figure is higher by 17.46pc.

Advances by all commercial banks increased to Rs5,700.82bn from previous week’s Rs5,636. 76bn indicating a rise of 1.14pc, whereas advances of specialised banks stood at Rs168.70bn against previous week’s Rs168.49bn.

Borrowings by all scheduled banks increased in the week under review. It rose by 6.20pc to Rs2,369.54bn against previous week’s Rs2,231.01bn. Compared to last year’s corresponding figure of Rs1,845.45bn, current week’s figure is higher by 28.40pc.

Borrowings by commercial banks in the week at Rs2,342.99bn were higher by 6.31pc against previous week’s Rs2,203.90bn. Borrowings by specialised banks stood at Rs26.54bn against the previous week’s Rs27.10bn.

Investments of all scheduled banks stood at Rs7,856.58bn against preceding week’s figure of Rs7,791.52bn, showing an increase of 0.83pc. Compared to last year’s corresponding figure of Rs6,889.15bn, current week’s figure is higher by 14.04pc.

Investments by all commercial banks stood at Rs7,802.97bn, higher by 0.86pc against preceding week’s figure of Rs7,736.49bn, whereas investment by all specialised banks stood at Rs53.60bn against preceding week’s figure of Rs55.03bn.

Cash and balances of all commercial banks stood at Rs932.55bn, larger by 9.05pc over previous week’s Rs855.19bn. Cash and balances of all specialised banks were higher by 16.53pc at Rs3.51bn against the preceding week’s Rs3.01bn.

Published in Dawn, The Business and Finance Weekly, May 29th, 2017

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Budgeting without people

Budgeting without people

Even though the economy is a critical issue, discussions about it involve a select few who are not really interested in communicating with the people.

Editorial

Iranian tragedy
Updated 21 May, 2024

Iranian tragedy

Due to Iran’s regional and geopolitical influence, the world will be watching the power transition carefully.
Circular debt woes
21 May, 2024

Circular debt woes

THE alleged corruption and ineptitude of the country’s power bureaucracy is proving very costly. New official data...
Reproductive health
21 May, 2024

Reproductive health

IT is naïve to imagine that reproductive healthcare counts in Pakistan, where women from low-income groups and ...
Wheat price crash
Updated 20 May, 2024

Wheat price crash

What the government has done to Punjab’s smallholder wheat growers by staying out of the market amid crashing prices is deplorable.
Afghan corruption
20 May, 2024

Afghan corruption

AMONGST the reasons that the Afghan Taliban marched into Kabul in August 2021 without any resistance to speak of ...
Volleyball triumph
20 May, 2024

Volleyball triumph

IN the last week, while Pakistan’s cricket team savoured a come-from-behind T20 series victory against Ireland,...