According to the Weekly Statement of Position of Scheduled Banks for the week ended August 31, 2002, the sum of demand and time liabilities maintained upward trend in the week under review, as both types of liabilities rose.

The sum total stood at Rs1,522,261 million, showing a rise of Rs9,905 million over the preceding week’s figure of Rs1,512,356 million. As compared to the total deposits of Rs1,314,473 million in the corresponding period last year, the current week’s deposits were higher by Rs207,788 million.

During the week under review, demand deposits showed an increase of Rs5,095 million to Rs674,626 million over the previous week’s Rs669,531 million. It was higher against last year’s corresponding figure of Rs574,176 million by Rs100,450 million.

Meanwhile, time liabilities rose by Rs4,810 million to Rs847,635 million against preceding week’s Rs842,825 million. Compared to last year’s corresponding figure of Rs740,297 million, the current week’s figure is higher by Rs107,338 million.

Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities continued to further decline in the current week. At Rs113,167 million it was lower by Rs.12,763 million over preceding week’s Rs125,930 million. Compared to last year’s corresponding figure of Rs115,823 million, the current week’s figure is lower by Rs2,656 million.

Scheduled banks borrowings from banks abroad stood at Rs13,628 million in the current week, as against Rs14,931 million a week ago, showing a decrease of Rs1,303 million. It was higher by Rs257 million over last year’s corresponding figure of Rs13,885 million.

Money at call and short notice in Pakistan increased in the week under review. It stood at Rs39,954 million, showing a rise of Rs1,411 million over preceding week’s Rs38,543 million. When compared to last year’s corresponding figure of Rs38,068 million, the current week’s figure is higher by Rs1,886 million. Scheduled banks advances including bills purchased and discounted, showed a further fall in the week under review. At Rs932,845 million it was lower by Rs2,997 million over preceding week’s figure of Rs935,842 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs920,687 million, the current week’s advances are higher by Rs12,158 million.

Scheduled banks investment in central government securities, Treasury bills and other approved securities increased further in the week under review. Such investments amounted to Rs559,542 million, showing a rise of Rs1,054 million over previous week’s Rs558,488 million. Compared to last year’s corresponding figure of Rs325,071 million, the current week’s investment is higher by Rs234,471 million.

Total assets of scheduled banks decreased in the week under review. These stood at Rs2,368,369 million against previous week’s Rs2,373,727 million, showing a decline of Rs5,358 million. Compared to last year’s corresponding figure of Rs2,004,605 million, the current week’s figure shows a rise of Rs363,764 million.