According to the Weekly Statement of Position of Scheduled Banks for the week ended August 17, 2002, the sum of demand and time liabilities maintained an upward trend in the week under review, mainly because of a substantial rise in the demand liabilities.

The sum total stood at Rs1,511,012 million, showing a rise of Rs4,393 million over preceding week’s figure of Rs1,506,679 million. As compared to the total deposits of Rs1,311,537 million in the corresponding period last year, the current week’s deposits were higher by Rs199,535 million.

During the week under review, demand deposits rose by Rs3,411 million to Rs671,585 million over the previous week’s Rs668,174 million. It was higher against last year’s corresponding figure of Rs570,424 million by Rs101,161 million.

Meanwhile, the time liabilities rose by Rs922 million to Rs839,427 million against the preceding week’s Rs838,505 million. Compared to last year’s corresponding figure of Rs741,113 million, the current week’s figure is higher by Rs98,314 million.

Scheduled banks’ borrowings from the State Bank of Pakistan against the promissory notes and other approved securities continued to decline in the current week. At Rs128,501 million it was lower by Rs1,241 million over the preceding week’s Rs129,742 million. Compared to last year’s corresponding figure of Rs131,183 million, the current week’s figure is lower by Rs2,682 million.

Scheduled banks borrowings from banks abroad stood at Rs13,813 million in the current week, as against Rs14,473 million a week ago, showing a decline of Rs660 million. It was lower by Rs1,490 million over last year’s corresponding figure of Rs15,303 million.

Money at call and short notice in Pakistan increased in the week under review.

It stood at Rs38,676 million, showing a rise of Rs325 million over the preceding week’s Rs38,351 million. When compared to last year’s corresponding figure of Rs29,256 million, the current week’s figure is higher by Rs9,420 million.

Scheduled banks advances including bills purchased and discounted, showed a further fall in the week under review. At Rs938,346 million it was lower by Rs3,110 million over the preceding week’s figure of Rs941,456 million.

Compared to the corresponding figure a year ago, when advances were to the tune of Rs927,954 million, the current week’s advances are higher by Rs10,392 million.

Scheduled banks investment in central government securities, Treasury bills and other approved securities increased in the week under review. Such investments amounted to Rs546,076 million, showing a rise of Rs1,774 million over previous week’s Rs544,302 million. Compared to last year’s corresponding figure of Rs323,235 million, the current week’s investment is higher by Rs222,841 million.

Total assets of the scheduled banks increased in the week under review.

These stood at Rs2,369,363 million against previous week’s Rs2,361,832 million, showing a rise of Rs7,531 million. Compared to last year’s corresponding figure of Rs1,997,099 million, the current week’s figure shows a rise of Rs372,264 million.