The central bank sold Rs125.7 billion worth of T-bills of all the three tenures against the target of Rs120 billion.
According to the weekly statement of position of scheduled banks for the week ended June 25, 2005, the sum of demand and time liabilities rose in the week under review. The sum total stood at Rs2,471,637 million against preceding week’s Rs.2,456,578 million, a rise of Rs15,059 million. As compared to the total deposits of Rs2,076,716 million in the corresponding period last year, current week’s deposits were higher by Rs394,921 million.
During the week under review, demand deposits stood at Rs1,229,769 million, a rise of Rs12,452 million over previous week’s Rs1,217,317 million. It was also higher against last year’s corresponding figure of Rs1,041,211 million by Rs188,558 million.
Time deposits rose in the current week. At Rs1,241,868 million it was higher by Rs2,607 million over previous week’s Rs1,239,261 million and by Rs206,363 million over last year’s corresponding figure of Rs1,035,505 million.
Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities fell in the current week. At Rs188,152 million it was lower by Rs1,020 million over preceding week’s Rs189,172 million. Compared to last year’s corresponding figure of Rs160,083 million, the current week’s figure is higher by Rs28,069 million.
Scheduled banks borrowings from banks abroad stood at Rs8,047 million in the current week, as against Rs5,354 million a week ago, a rise of Rs2,693 million. It was also higher by Rs344 million over last year’s corresponding figure of Rs7,703 million.
Money at call and short notice in Pakistan fell in the week under review as against previous week’s figure. It stood at Rs21,556 million, a fall of Rs2,335 million over preceding week’s Rs23,891 million. When compared to last year’s corresponding figure of Rs32,119 million, the current week’s figure is smaller by Rs10,563 million.
Scheduled banks’ advances including bills purchased and discounted increased in the week under review. At Rs1,759,750 million it was higher by Rs3,088 million over preceding week’s Rs1,756,662 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs1,324,585 million, the current week’s advances are higher by Rs435,165 million.
Scheduled banks investment in central government securities, Treasury bills and other approved securities showed a rise in the current week when compared to preceding week’s level. Such investments amounted to Rs716,119 million, a rise of Rs.12,516 million over previous week’s Rs703,603 million. Compared to last year’s corresponding figure of Rs712,215 million, the current week’s investment is higher by Rs3,904 million.
Total assets of scheduled banks rose in the week under review. These stood at Rs3,504,953 million against previous week’s Rs3,482,982 million, a rise of Rs21,971 million. Compared to last year’s corresponding figure of Rs2,919,957 million, it shows a rise of Rs589,659 million.