According to the weekly statement of position of scheduled banks for the week ended February 1, 2003, the sum of demand and time liabilities maintained the upward trend in the week under review.

The sum total stood at Rs1,610,751 million against preceding week’s Rs1,601,361 million, showing a rise of Rs9,390 million. As compared to the total deposits of Rs1,376,265 million in the corresponding period last year, current week’s deposits were higher by Rs234,486 million.

During the week under review both type of deposits increased. Demand deposits rose to Rs736,976 million, or by Rs4,893 million over previous week’s Rs732,083 million. It was also higher against last year’s corresponding figure of Rs605,631 million by Rs131,345 million.

In the current week, time deposits were higher over the preceding week and against the corresponding week last year. At Rs873,775 million, it was higher by Rs4,497 million over previous week’s Rs869,278 million, and by Rs103,141 million, over last year’s corresponding figure of Rs770,634 million.

Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities declined in the current week. At Rs136,728 million it was smaller by Rs64 million over preceding week’s Rs136,792 million. Compared to last year’s corresponding figure of Rs114,013 million, the current week’s figure is higher by Rs22,715 million.

Scheduled banks borrowings from banks abroad stood at Rs13,911 million in the current week, as against Rs14,076 million a week ago, showing a fall of Rs165 million. It was smaller by Rs858 million over last year’s corresponding figure of Rs14,769 million.

Money at call and short notice in Pakistan declined in the week under review. It stood at Rs30,581 million, a fall of Rs3,489 million over preceding week’s Rs34,070 million. When compared to last year’s corresponding figure of Rs50,797 million, the current figure is lower by Rs20,216 million.

Scheduled banks advances, including bills purchased and discounted, declined further in the week under review.

At Rs997,696 million it was lower by Rs3,581 million over preceding week’s Rs1,001,277 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs986,265 million, the current week’s advances are higher by Rs11,431 million.

Scheduled banks investment in central government securities, Treasury bills and other approved securities, increased in the week under review. Such investments amounted to Rs640,346 million, a rise of Rs1,763 million over previous week’s Rs638,583 million. Compared to last year’s corresponding figure of Rs347,164 million, the current week’s investment is higher by Rs293,182 million.

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

These rose to Rs2,477,730 million against previous week’s Rs2,474,684 million, showing a rise of Rs3,046 million.

Compared to last year’s corresponding figure of Rs2,084,048 million it shows a rise of Rs393,682 million.