According to the weekly statement of position of scheduled banks for the week ended August 2, 2003, the sum of demand and time liabilities continued to increase in the week under review.

The sum total stood at Rs1,767,793 million against the preceding week’s Rs1,761,092 million, showing a rise of Rs6,701 million. As compared to the total deposits of Rs1,500,482 million in the corresponding period last year, current week’s deposits were higher by Rs267,311 million.

During the week under review, both demand and time deposits rose. Demand deposits increased to Rs844,591 million, a rise of Rs4,585 million over previous week’s Rs840,006 million. It was also higher against last year’s corresponding figure of Rs662,080 million by Rs182,511 million.

In the current week, time deposits were higher over preceding week’s figure. At Rs923,202 million, it was larger by Rs2,116 million over previous week’s Rs921,086 million and by Rs84,800 million, over last year’s corresponding figure of Rs838,402 million.

Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities decreased further in the current week. At Rs131,584 million it was smaller by Rs1,069 million over preceding week’s Rs132,653 million. Compared to last year’s corresponding figure of Rs130,337 million, the current week’s figure is smaller by Rs1,247 million.

Scheduled banks borrowings from banks abroad stood at Rs20,662 million in the current week, as against Rs20,879 million a week ago, showing a fall of Rs217 million. It was larger by Rs6,144 million over last year’s corresponding figure of Rs14,518 million.

Money at call and short notice in Pakistan declined in the week under review. It stood at Rs22,456 million, a fall of Rs737 million over preceding week’s Rs23,193 million. When compared to last year’s corresponding figure of Rs34,967 million, the current figure is lower by Rs12,511 million.

Scheduled banks advances including bills purchased and discounted increased in the week under review.

At Rs1,043,114 million it was larger by Rs292 million over preceding week’s Rs1,042,822 million.

Compared to the corresponding figure a year ago, when advances were to the tune of Rs945,424 million, the current week’s advances are higher by Rs97,690 million.

Scheduled banks investment in central government securities, Treasury bills and other approved securities increased in the current week when compared to preceding week’s level. Such investments amounted to Rs781,769 million, a rise of Rs17,197 million over previous week’s Rs764,572 million. Compared to last year’s corresponding figure of Rs532,545 million, the current week’s investment is higher by Rs249,224 million.

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

These stood at Rs2,523,740 million against previous week’s Rs2,522,573 million, a rise of Rs1,167 million. Compared to last year’s corresponding figure of Rs2,348,344 million it shows a rise of Rs175,396 million.