According to the Statement of Affairs of the State Bank of Pakistan, for the week ended March 2, 2002, both notes in circulation and those issued maintained the upward trend.

Notes in circulation stood at Rs477,709.781 million against preceding weeks Rs473,625.757 million, showing a rise of Rs4,084.024 million. When compared to the corresponding week a year ago when it was Rs414,699.527 the current week’s figure is higher by Rs63,010.254 million.

Total notes issued also depicted a rise in the current week. At Rs477,853.362 million it was larger by Rs4,093.665 million over a week earlier figure of Rs473,759.697 million. In the corresponding week last year it amounted to Rs414,888.660 million, which shows current week’s figure to be higher by Rs62,964.702 million over last year’s figure.

Approved foreign exchange continue to rise in the week under review. It stood at Rs163,157.661 million, showing a rise of Rs7,363.329 million over previous week’s Rs155,794.332 million. When compared to last year’s corresponding figure of Rs45,526.822 million, the current week’s figure is substantially higher by Rs117,630.839 million.

Balances held outside Pakistan in approved foreign exchange, recorded a further decline in the week under review. It stood at Rs66,348.486 million over preceding week’s figure of Rs71,486.870 million, showing a fall of Rs5,138.384 million. Compared to last year’s corresponding figure of Rs20,019.299 million, the current week’s figure is larger by Rs46,329.187 million.

Loans and advances of scheduled banks to the three sectors, agricultural, industrial and export showed a mixed picture in the week under review. The agricultural sector received Rs54,307.441 million, against preceding week’s figure of Rs54,397.441 million, showing a fall of Rs90 million.

The current week’s figure is larger by Rs243.968 million over last year’s corresponding figure of Rs54,063.473 million. There was an inflow of Rs3,655.472 million to the industrial sector during the week under review, depicting a decline of Rs17.7 million over previous week’s Rs3,673.172 million. Compared to last year’s corresponding figure of Rs4,543.139 million, the current week’s figure is lower by Rs887.667 million.

The export sector received Rs44,945.408 million over previous week’s figure of Rs51,885.628 million, showing a fall of Rs6,940.220 million. Current week’s figure was lower by Rs31,416.410 million over last year’s corresponding figure of Rs76,361.818 million.

According to the weekly statement of position of scheduled banks for the week ended February, 21, the sum of demand and time liabilities declined in the week under review. The sum total stood at Rs1,374,545 million against preceding week’s Rs1,383,345 million, showing a fall of Rs8,800 million. As compared to the total deposits of Rs1,222,368 million in the corresponding period last year, current week’s deposits were higher by Rs152,177 million.

During the week under review, demand deposits fall to Rs609,646 million, or by Rs3,333 million over previous week’s Rs612,979 million, but was higher against last year’s corresponding figure of Rs526,966 million by Rs82,680 million.

In the current week, time deposits were also lower over the preceding week, but higher against the corresponding week last year. At Rs764,899 million it was lower by Rs5,467 million over previous week’s Rs770,366 million, but larger by Rs69,497 million, over last year’s corresponding figure of Rs695,402 million.

Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities rose in the current week. At Rs121,620 million it was lower by Rs336 million over preceding week’s Rs121,956 million. Compared to last year’s corresponding figure of Rs142,018 million, the current week’s figure is lower by Rs20,398 million.

Scheduled banks borrowings from banks abroad stood at Rs14,904 million in the current week, as against Rs14,440 million a week ago, showing a rise of Rs464 million. It was lower by Rs468 million over last year’s corresponding figure of Rs15,372 million.

Money at call and short notice in Pakistan showed a rise in the week under review. It stood at Rs49,864 million, showing a decline of Rs627 million over preceding week’s Rs50,491 million.

When compared to last years corresponding figure of Rs45,020 million, the current figure is larger by Rs4,844 million.

Scheduled banks advances including bills purchased and discounted, also fell in the week under review. At Rs979,016 million it was lower by Rs7,453 million over preceding week’s Rs986.469 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs927,082 million, the current week’s advances are higher by RS 51,934 million.

Scheduled banks investment in central government securities, Treasury bills and other approved securities continued to rise in the week under review. Such investment amounted to Rs362,842 million, a rise of Rs11,705 million over previous week’s Rs351,137 million. Compared to last year’s corresponding figure of Rs257,025 million, the current week’s investment is higher by Rs105,817 million.

Total assets of scheduled banks showed a decline in the week under review. These fell to Rs2,103,704 million against previous week’s Rs2,113,517 million, showing a fall of Rs9,812 million.