The government raised Rs154.44bn from the auction of MTB of various tenors held last Thursday, smaller against the received bids of Rs259.42bn and auction target of Rs300bn.

The cut off yields were higher against the last auction.

Of the total raised amount, six month T-bills fetched the highest Rs128.93bn at a cut off yield of 6.01pc, followed by three month T-bill Rs23.07bn at 5.99pc, and 12-month T-bills Rs2.43bn at 6.04pc.

Deposits and other accounts of all scheduled banks stood at Rs10,992.69bn after a 1.53pc decrease over the preceding week’s figure of Rs11,163.34bn

Deposits and other accounts of all scheduled banks stood at Rs10,992.69bn after a 1.53pc decrease over the preceding week’s figure of Rs11,163.34bn, according to the weekly statement of position for the week ended May 26.

Compared with last year’s corresponding figure of Rs9,744.39bn, the current week’s figure was higher by 12.81pc.

Deposits and other accounts of commercial banks stood at Rs10,929.28bn against preceding week’s deposits of Rs11,088.01bn, showing a fall of 1.43pc. Deposits and other accounts of specialised banks stood at Rs63.41bn, lower by 15.82pc against previous week’s figure of Rs75.33bn.

Total assets of all scheduled banks stood at Rs15,836.12bn, higher by 0.36pc over preceding week’s figure of Rs15,779.95bn. Current week’s figure is higher by 14.04pc compared to last year’s corresponding figure of Rs13,886.27bn.

Total assets of all commercial banks stood at Rs15,595.41bn, higher by 0.41pc over previous week’s figure of Rs15,532.24bn, while total assets of specialised banks at Rs240.71bn, were larger 2.82pc over the previous week’sRs247.71bn.

Gross advances of all scheduled banks stood at Rs5,935.78bn, higher by 0.51pc over the preceding week’s figure of Rs5,905.59bn. Compared with last year’s corresponding figure of Rs5,043.48bn, current week’s figure is higher by 17.70pc.

Advances by all commercial banks increased to Rs5,767.35bn from previous week’s Rs5,737. 01bn indicating a rise of 0.53pc, whereas advances of specialised banks stood at Rs168.42bn against previous week’s Rs168.58bn.

Borrowings by all scheduled banks increased in the week under review. It rose by 1.26pc to Rs2,435.59bn against previous week’s Rs2,405.16bn. Borrowings by commercial banks in the week at Rs2,404.29bn were higher by 1.12pc against previous week’s Rs2,377.75bn. Borrowings by specialised banks stood at Rs31.29bn against the previous week’s Rs27.40bn.

Investments of all scheduled banks stood at Rs7,849.35bn against preceding week’s figure of Rs7,904.33bn, showing a decline of 0.69pc. Investments by all commercial banks stood at Rs7,801.94bn. Investment by all specialised banks stood at Rs47.

Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs900.37bn.

Cash and balances of all commercial banks stood at Rs896.35bn. Cash and balances of all specialised banks were higher by 8.05pc at Rs4.02bn against the preceding week’s Rs3.72bn.

Notes in circulation stood at Rs3,877.61bn during the week ended May 26, against Rs3,865.90bn a week earlier, showing a rise of 0.30pc. Compared to last year’s corresponding figure of Rs3,304.21bn, current week’s figure is higher by 17.35pc.

Published in Dawn, The Business and Finance Weekly, June 12th, 2017