THE government raised Rs78.236bn from PIBs auction of various tenors on June 14, against the received bids of Rs94.694bn.

It raised Rs70.984bn from three PIBs, at a cut-off yield of 6.40pc, followed by Rs3.73bn from five-year PIBs at 6.89pc and Rs3.51bn from 10-year PIBs at 7.93pc. No bids were received for 20-year PIBs.

The SBP had received total bids worth Rs94.69bn. Three year PIBs had attracted the highest amount Rs77.35bn, followed by 10-year PIBs Rs9.65bn and five-year PIBs Rs7.67bn. No bids were received for 20-year PIBs.

Deposits and other accounts of scheduled banks stood at Rs11,287.43bn after a 0.30pc decrease over the last week’s figure of Rs11,320.56bn, according to the weekly statement for the week ended June 9.

Compared with last year’s corresponding figure of Rs9,745.03bn, the current week’s figure was higher by 15.83pc.

Deposits and other accounts of commercial banks stood at Rs11,211.23bn against preceding week’s deposits of Rs11,244.87bn, showing a decline of 0.30pc. Deposits and other accounts of specialised banks stood at Rs76.19bn, higher by 0.67pc against previous week’s figure of Rs75.69bn.

Total assets of all scheduled banks stood at Rs15,870.43bn, lower by 0.53pc over preceding week’s figure of Rs15,954.96bn

Total assets of all scheduled banks stood at Rs15,870.43bn, lower by 0.53pc over preceding week’s figure of Rs15,954.96bn. Current week’s figure is higher by 12.97pc compared to last year’s corresponding figure of Rs14,047.88bn.

Total assets of all commercial banks stood at Rs15,615.36bn, lower by 0.54pc over previous week’s figure of Rs15,701.39bn, while total assets of specialised banks at Rs255.07bn, were larger 0.60pc over the previous week’s Rs253.56bn.

Gross advances of all scheduled banks stood at Rs5,981.55bn, higher by 0.04pc over the preceding week’s figure of Rs5,979.33bn. Compared with last year’s corresponding figure of Rs5,060.96bn, current week’s figure is higher by 18.20pc.

Advances by all commercial banks increased to Rs5,812.84bn from previous week’s Rs5,810.85bn indicating a rise of 0.03pc, whereas advances of specialised banks stood at Rs168.70bn against previous week’s Rs168.47bn.

Borrowings by all scheduled banks decreased in the week under review. It fell by 1.98pc to Rs2,361.70bn against previous week’s Rs2,409.57bn. Compared to last year’s corresponding figure of Rs2,264.91bn, current week’s figure is higher by 4.27pc.

Borrowings by commercial banks in the week at Rs2,329.04bn were lower by 2.04pc against previous week’s Rs2,377.46bn. Borrowings by specialised banks stood at Rs32.66bn against the previous week’s Rs32.11bn.

Investments of all scheduled banks stood at Rs7,841.43bn against preceding week’s figure of Rs7,876.23bn, showing a fall of 0.44pc. Compared to last year’s corresponding figure of Rs7,234.97bn, current week’s figure is higher by 8.38pc.

Investments by all commercial banks stood at Rs7,782.31bn, lower by 0.46pc against preceding week’s figure of Rs7,818.61bn, whereas investment by all specialised banks stood at Rs59.11bn against preceding week’s figure of Rs57.62bn.

Published in Dawn, The Business and Finance Weekly, June 26th, 2017