According to the Statement of Affairs of the State Bank of Pakistan, for the week ended November 12, 2005, both notes in circulation and those issued showed an increase in the week. Notes in circulation stood at Rs791,706.971m against earlier week’s figure of Rs787,143.141m, a rise of Rs4,563.83m. When compared to the corresponding week a year ago when it was Rs721,023.454m, the current week’s figure is higher by Rs70,683.517m.
Total notes issued also rose in the current week over preceding week’s level. At Rs791,877.942m it was larger by Rs4,577.541m over the figure of Rs787,300.401m recorded a week earlier. In the corresponding week last year it amounted to Rs721,245.638m, which shows current week’s figure to be higher by Rs70,632.304m over last year’s corresponding figure.
Approved foreign exchange declined in the week to Rs431,586.605m or by Rs2,343.846m over preceding week’s figure of Rs433,930.451m. When compared to the corresponding week a year ago, when the figure was Rs458,576.650m, the current week’s figure is smaller by Rs26,990.045m.
Balances held outside Pakistan in approved foreign exchange declined in the week under review. It stood at Rs137,228.954m over preceding week’s figure of Rs142,457.577m, showing a fall of Rs5,228.623m. Compared to last year’s corresponding figure of Rs125,022.167m, the current week’s figure is larger by Rs12,206.787m.
Loans and advances of scheduled banks to the three sectors – agricultural, industrial and export showed a mixed trend in the week under review. The agricultural sector received Rs60,714.062m similar to preceding week’s figure. The current week’s figure is larger by Rs2,327.368m over last year’s corresponding figure of Rs58,386.694m.
There was an inflow of Rs2,050.131m to the industrial sector during the week under review, a rise of Rs193.145m against preceding week’s figure of Rs1,856.986m. When compared to last year’s corresponding figure of Rs1,186.317m, the current week’s figure is higher by Rs863.814m.
The export sector received Rs102,957.601m against previous week’s figure of Rs103,233.377m, a fall of Rs257.776m. Current week’s figure was larger by Rs6,535.397m over last year’s corresponding figure of Rs96,422.204m.
According to the weekly statement of position of all scheduled banks for the week ended November 12, 2005, deposits and other accounts of the scheduled banks stood at Rs2,427.839bn, having risen by Rs26.482bn over preceding week’s figure of Rs2,401.357 billon. Commercial banks deposits showed a rise of Rs26.465bn over the week to Rs2,414.924bn against preceding week’s Rs2,388.459bn, while of specialized banks it rose by Rs0.017bn to Rs12.915bn, over previous week’s Rs12.898bn.
Borrowings by all scheduled banks during the week declined over preceding week’s figure. It fell to Rs294.591bn over preceding week’s figure of Rs300.859bn, a fall of Rs6.268bn. This was primarily due to substantial decrease in the borrowings by commercial banks, which fell to Rs212.464bn against previous week’s Rs218.732bn, a fall of Rs6.268bn, while borrowings by specialised banks remained at Rs82.127bn, similar to preceding week’s figure.
Gross advances stood at Rs1,902.599bn in the week under review, a rise of Rs9.51bn over preceding week’s figure of Rs1,893.089bn. Advances by commercial banks rose to Rs1,791.907bn against earlier week’s figure of Rs1,782.466bn or by Rs9.435bn.
Investments of all scheduled banks increased in the week by Rs0.849bn to Rs730.921bn against preceding week’s figure of Rs730.072bn. Commercial banks investment level rose to Rs717.022bn, from earlier week’s Rs716.102bn or by Rs0.92bn, while of specialized banks it stood at Rs13.899bn against previous week’s Rs13.970bn, a fall of Rs0.071bn.
Cash and balances with treasury banks of all scheduled banks recorded a rise of Rs14.009bn during the week to stand at Rs234.640bn against earlier week’s Rs220.631bn. The figure for commercial banks increased to Rs232.901bn against preceding week’s figure of Rs218.982bn, a rise of Rs13.919bn. For specialized banks the rise was to the tune of Rs0.09bn to Rs1.739bn, against earlier week’s figure of Rs1.649bn.
Meanwhile, commercial banks assets stood at Rs3,063.571bn, higher by Rs23.191bn over previous week’s figure of Rs3,040.380bn.