THE government raised Rs61.683bn from the auction of Pakistan Investment Bonds of various tenors last Wednesday.

Of the total, three-year bonds fetched Rs26.097bn at a cut-off yield of 7.5527pc, followed by five-year PIBs with Rs19.34bn at 8.1041pc and 10-year PIBs with Rs16.246bn at 9.2505pc.

But investors had showed a lot more interest in the auction, as Rs225.606bn worth of bids had been submitted. Of this, five-year PIBs had attracted the highest amount of Rs48.097bn, followed by three-year PIBs with Rs45.088bn, and 10-year PIBs with Rs22.42bn. No bids were received for 20-year PIBs.

According to the weekly statement of position of all banks for the week ending May 8, total assets of all scheduled banks stood at Rs12,054bn, down 2.27pc over the preceding week’s level of Rs12,333.92bn.

Three-year Pakistan Investment Bonds fetched the highest amount of Rs26.097bn during the latest PIB auction

Total assets of all commercial banks stood at Rs11,869.953bn in the week, also down 2.27pc over the previous week’s figure of Rs12,145.95bn. Total assets of all specialised banks stood at Rs184.056bn in the week, against the previous week’s figure of Rs187.971bn.

Cash and balances with treasury banks of all scheduled banks decreased by 9.27pc during the week under review to Rs709.887bn, against the earlier week’s figure of Rs782.43bn.

Cash and balances with treasury banks of all commercial banks stood at Rs708.056bn in the week, against the preceding week’s figure of Rs780.024bn, depicting a fall of 9.22pc. Cash and balances with treasury banks of all specialised banks stood at Rs1.83bn in the week, against the preceding week’s figure of Rs2.41bn.

Investments of all scheduled banks stood at Rs5,751.78bn in the week ending May 8, marginally down from the preceding week’s level of Rs5,752.48bn.

Investments of all commercial banks stood at Rs5,728.24bn in the week, against the preceding week’s figure of Rs5,730.213bn, down 0.03pc. Investments of all specialised banks stood at Rs23.54bn in the week, against the preceding week’s figure of Rs22.268bn.

Gross advances by scheduled banks stood at Rs4,486.877bn in the week under review, showing a rise of 0.32pc over the preceding week’s figure of Rs4,472.693bn. Advances by commercial banks increased by 0.32pc to Rs4,338.209bn in the week.

Published in Dawn, Economic & Business, May 25th, 2015

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